#TrumpTariffs Trump Tariffs Overview:

Former President Donald Trump implemented several tariffs during his administration (2017–2021), mainly targeting China and aiming to reduce the U.S. trade deficit, revive American manufacturing, and pressure countries into fairer trade deals. Here's a summary:

🔹 Key Tariff Actions

China: Over $360 billion worth of Chinese goods were targeted with tariffs (up to 25%). China retaliated with its own tariffs on U.S. goods.

Steel & Aluminum: Tariffs of 25% on steel and 10% on aluminum were applied globally, citing national security concerns.

European Union, Canada, Mexico: Faced tariffs on specific products, triggering retaliatory tariffs on American goods like whiskey, motorcycles, and farm products.

🔹 Goals and Effects

Intended Goals:

Reduce trade deficits