$BTC The **#TrumpTariffs** refers to the series of tariffs imposed by the Trump administration during his presidency (2017–2021) as part of his "America First" trade policy. These tariffs were primarily aimed at protecting U.S. industries, reducing trade deficits, and pressuring other countries to renegotiate trade deals. Here’s a breakdown of key aspects:
### **1. Major Tariff Actions**
- **Steel and Aluminum Tariffs (2018)**:
- **25% on steel imports** and **10% on aluminum imports** (under **Section 232** of the Trade Expansion Act of 1962, citing national security concerns).
- Applied broadly, including on allies like the EU, Canada, and Mexico (later some exemptions were negotiated).
- **China Tariffs (Trade War)**:
- Multiple rounds of tariffs on **$370+ billion** worth of Chinese goods (under **Section 301** of the Trade Act of 1974, targeting unfair trade practices like IP theft and forced tech transfers).
- Rates ranged from **7.5% to 25%**, covering electronics, machinery