#TrumpTariffs Donald Trump's tariff policies aimed to renegotiate trade deals and reduce trade deficits, particularly with China and the EU. He imposed duties on various imports, including steel, aluminum, and a wide range of Chinese goods, arguing foreign nations "ripped off" the U.S. While Trump claimed tariffs would be paid by foreign manufacturers, economic analyses largely indicate that American importers and consumers bore the costs through higher prices.

These tariffs led to retaliatory measures from other countries, sparking trade wars and increasing global economic uncertainty. Although some agreements were reached, like a "Phase One" deal with China, economists generally suggest that sustained tariffs distort resource allocation, hinder growth, and can lead to reduced GDP and higher inflation for the imposing country.