#TrumpTariffs

A simple summary of the tariffs policy imposed by Trump (Trump Tariffs):

🔹 What are they?

Trump Tariffs are tariffs imposed by the administration of former U.S. President Donald Trump on imported goods, especially from China, starting in 2018.

🔹 Goals:

1. Reduce the U.S. trade deficit

2. Protect American jobs and industries

3. Pressure China to change its trade practices (such as intellectual property theft and government support for companies)

🔹 Key goods affected by the tariffs:

Technology products

Steel and aluminum

Home appliances

Clothing and agricultural products

🔹 Results and impacts:

✅ Some American companies benefited (such as steel companies)

❌ However:

Prices of goods for consumers in America increased

China retaliated by imposing tariffs on American goods (such as soybeans and meats)

American agriculture was negatively affected

Global trade tensions occurred

🔹 What happened after Trump?

The Biden administration kept some tariffs but also reviewed some of them.

Trade tensions continued, but in a less escalated manner.