#TrumpTariffs #TrumpTariffs

Former President Donald Trump's proposed tariffs aim to impose a 10% universal tariff on all imported goods and potentially higher tariffs—up to 60%—on Chinese products. Supporters argue this will protect American industries and reduce reliance on foreign manufacturing, especially China. Critics warn it could trigger trade wars, increase consumer prices, and hurt U.S. businesses reliant on global supply chains. Economists are divided, with concerns about inflation and retaliation from trade partners. As the 2024 election nears, Trump’s tariff stance is a key issue, signaling a return to protectionist policies that defined much of his first-term economic strategy.