#TrumpTariffs Trump's Tariff Policy: A New Era of Protectionism

Donald Trump's second term as US President has seen a significant shift in trade policy, with steep protective tariffs imposed on nearly all goods imported into the United States. The average effective US tariff rate has skyrocketed to 27%, the highest level in over a century. Trump's administration has escalated trade wars with China, Canada, and Mexico, imposing tariffs on steel, aluminum, and automobiles. The tariffs aim to support domestic manufacturing and reduce trade deficits. However, economists warn of potential recession and higher prices. Trump's tariff strategy has sparked debate, with some arguing it will boost the economy and others seeing it as a flawed approach.¹#TrumpCrypto $TRUMP #Binance