#TrumpTariffs This term is clearly linked to Donald Trump's trade policies, specifically his administration's imposition of tariffs on imported goods. The search results indicate:

* Broad Application: These tariffs have been applied to a wide range of goods and countries, with a stated aim of reducing the US trade deficit.

* Economic Impact: They have led to increased costs for businesses and consumers, supply chain disruptions, and significant market volatility. Economists have warned about the potential for reduced GDP and even recession.

* Retaliation: Many countries, including China, the European Union, and Canada, have responded with their own retaliatory tariffs, escalating what has been described as a "trade war."