Hashtag 99661673580 refers to the tariffs (customs duties) imposed by former President Donald Trump during his presidency (2017–2021), which had a significant impact on international trade, especially with China and other countries. Here’s a simplified explanation:
🎯 What are the "Trump Tariffs"?
They are increases in taxes on imports (i.e., goods coming from abroad) decided by Trump as part of the "America First" policy, aimed at:
Reducing the trade deficit.
Protecting American industries from foreign competition, especially from China.
Pressuring countries to renegotiate trade agreements.
🧱 Key tariffs imposed:
China 🇨🇳:
Tariffs on hundreds of billions of dollars of Chinese goods.
China retaliated with tariffs on American goods.
This led to a trade war between the two countries.
Steel and aluminum 🏗️:
25% tariff on steel and 10% on aluminum.
Affected countries like Canada, Mexico, and the European Union.
European and Japanese products:
Due to disputes over the automotive and agricultural sectors.
⚠️ Effects of Trump Tariffs:
📈 Increased prices on some goods within America.
🔁 Changes in global supply chains.
🚜 Pressure on American farmers due to retaliatory responses from China.
💼 Some industries benefited, while others were harmed.
💬 Why is it controversial?
Trump supporters believe these policies protected the American economy.