#TrumpTariffs

This usually refers to the tariffs imposed by former U.S. President Donald Trump as part of his "America First" trade policy. Here’s a quick summary:

Key points of #TrumpTariffs:

Trade war with China: The most prominent tariffs were directed against China, aimed at pressuring it over the trade surplus, intellectual property theft, and forced technology transfer.

Tariffs on steel and aluminum: In 2018, Trump imposed a 25% tariff on steel imports and a 10% tariff on aluminum under the pretext of national security.

Retaliatory responses: Many countries responded by imposing tariffs on American goods, leading to global trade tensions.

Would you like an explanation of the impact of these tariffs on the American or global economy?