#TrumpTariffs
What are #TrumpTariffs?
They are tariffs imposed by former U.S. President Donald Trump on imports from various countries (especially China) between 2018 and 2020, aimed at:
Protecting American industries
Reducing the trade deficit
Pressuring countries to renegotiate trade agreements
Results:
The outbreak of a trade war with China
Rising prices of goods within America
Losses for farmers and companies due to retaliatory measures from other countries
Disruption in global supply chains
Evaluation:
Despite Trump's intention to protect the economy, this policy harmed global trade and negatively affected the U.S. economy in some sectors.