#TrumpTariffs #TrumpTariffs: American Trade Policy or Global Economic Tensions?
The tariffs imposed during Trump's administration aimed to protect American industries, especially the steel and aluminum sectors. However, these policies sparked a trade war with several countries, including China.
🔹 25% tariff on steel and 10–50% on aluminum
🔹 Additional duties on $370 billion of imports from China
🔹 American farmers and consumers burdened by rising prices
🔹 China, EU, Canada took retaliatory measures
🔹 Increased inflation, disrupted global supply chains
Were these policies a temporary benefit or a long-term loss?
Is successful trade policy about protection or balance?
#Economy #TradeWar #ChinaUS #Steel #Tariffs #BinanceSquare #GlobalTrade #TRUMP