#TrumpTariffs Trump's tariffs refer to the protectionist policies implemented by Donald Trump during his presidency, primarily tariffs on imported goods. He argued that these measures were necessary to counter what he considered unfair trade practices by other countries and to protect American industries.

These tariffs, which included taxes on steel, aluminum, solar panels, washing machines, and more generally, a base rate of 10% on almost all imports (with higher rates for countries with large trade deficits with the U.S.), had a significant impact. Despite Trump's claim that foreign countries would pay the tariffs, economic studies suggest that it was American importers (and ultimately consumers) who bore much of those costs.

The impact included an increase in costs for businesses, which could translate into higher prices for consumers, a reduction in U.S. and global GDP, and greater uncertainty in trade policy. Many countries responded with retaliatory tariffs, creating global trade tensions. Although bilateral agreements were sought to avoid the tariffs, the overall picture was one of disruption in supply chains and a slowdown in global economic growth.