#TrumpTariffs
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Little bit about Trump tarrif
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Donald Trump’s tariff policy was a key feature of his administration’s approach to international trade (2017–2021). Here’s a brief snapshot:
Primary aim: Reduce the US trade deficit, protect American industries, and bring back manufacturing jobs.
Targeted countries: Mainly China, but also the European Union, Canada, Mexico, and other trading partners.
Methods:
Imposing tariffs on imported steel and aluminum (25% on steel, 10% on aluminum).
Implementing tariffs on hundreds of billions of dollars’ worth of Chinese products (up to 25%) in response to alleged unfair trade practices, intellectual property theft, and forced technology transfer.
Effects:
Rising costs for US companies and consumers due to higher prices on imported materials and products.
Trade tensions and retaliatory measures by other countries (for instance, China placed its own tariffs on US agricultural products).
Political view: Supporters say it helps protect US jobs and industries, while critics say it disrupts markets, increases prices, and may undermine international relationships.