In recent years, the term "#TrumpTariffs" has become one of the most repeated headlines in global economic news, referring to the protectionist policies adopted by former U.S. President Donald Trump. These policies aimed to reduce the U.S. trade deficit and boost domestic industries, especially in response to the Chinese dragon.
But what really happened? Did Trump's tariff succeed in protecting the American economy? Were its effects negative or positive on developing countries and exporting nations like China, Mexico, and Germany?
📌 First: What are Trump's tariffs?
This means imposing additional tariffs on imported goods, especially those coming from certain countries. The most notable of these tariffs are:
Tariffs on steel and aluminum imports.
Tariffs on hundreds of billions of dollars of Chinese products.
Taxes on European cars and spare parts.
📉 Second: Global economic impacts
1. Slowdown in global trade growth: These tariffs led to rising prices and disruption of supply chains.
2. Trade tensions between major powers: Especially between the U.S. and China, where the latter responded with similar measures.
3. Opportunities for some developing countries: Some countries that were not subject to tariffs benefited from the reshuffling of supply chains.
🇲🇦 Third: How did the Arab world react?
Despite the geographical distance, Arab economies were indirectly affected, especially through:
Fluctuations in oil prices.
Decrease in trade volume with affected countries like China and Europe.
New export opportunities amid U.S.-China tensions.
🧠 Summary
Although Trump's tariff policies aimed to support "America First," their impact extended to the entire global economy. Despite some short-term gains, globalization has shown that the global economy is interconnected in a way that makes any local policy resonate globally.
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