#TrumpTariffs Trade tariffs are government imposed duties placed on specific imports or exports, often used to influence economic activity and international trade relationships. When a tariff is applied, it raises the cost of foreign goods, with the intent of making domestic alternatives more attractive to consumers. While tariffs can protect local businesses from overseas competition, they can also lead to higher prices for consumers and retaliatory measures from other countries. The broader economic impact of tariffs depends on the industries affected, the scale of the tariffs, and how trading partners respond.
Thus far, the Trump Administration has utilized tariffs to gain concessions or accelerate negotiations on other geopolitical issues such as immigration, drug trafficking, and intellectual property concerns. As trade tensions rise, understanding the economic and investment implications of trade tariffs is crucial for investors and businesses alike