#TrumpTariffs The "Trump Tariffs" refer to taxes imposed on imported goods by the administration of former U.S. President Donald Trump, central to his "America First" trade policy.

Here's the shot:

What: Taxes (tariffs) primarily on hundreds of billions of dollars of Chinese imports (citing unfair trade practices, IP theft) and global steel/aluminum imports (citing national security).

Why: Aimed to protect domestic industries, reduce trade deficits, bring manufacturing jobs back to the U.S., and compel fairer trade agreements.

Impact:

Sparked "trade wars," notably with China, leading to retaliatory tariffs (e.g., on U.S. agriculture).

Increased costs for many U.S. consumers and businesses (due to higher import prices and input costs).

Caused significant disruption to global supply chains and increased geopolitical tensions.

Achieved mixed economic results, with the trade deficit largely persisting despite the tariffs.

Legacy: Many of the tariffs, particularly those on China, remain in place under the Biden administration, reflecting a continued, albeit evolving, U.S. strategy towards strategic competition and trade.