#TrumpTariffs

Trump's Tariffs: Varied Effects 📉

Trump imposed a 10% tariff on American imports and 145% on certain Chinese goods, sparking widespread debate. While some support the move to protect domestic industry, others warn of its impact on the global economy.

The tariffs caused inflation to increase by 2.3%, but data suggests a long-term effect that may reduce U.S. GDP. Meanwhile, tariffs on Chinese goods were reduced by 30% in a trade agreement.