#TrumpTariffs
The most notable tariffs imposed by Trump included:
* Tariffs on steel and aluminum imports: In 2018, the administration imposed a 25% tariff on steel imports and a 10% tariff on aluminum imports from most countries.
* Tariffs on Chinese goods: Tariffs on a wide range of Chinese products escalated in several phases, sometimes reaching 25% on goods valued in the billions of dollars.
Effects of Trump's tariffs:
The effects of these tariffs were controversial and varied, including:
* On the American economy:
* Increased production costs: The tariffs on raw materials like steel and aluminum led to higher production costs for American companies that rely on these imports.
* Higher consumer prices: In some cases, the cost of tariffs was passed on to consumers in the form of higher prices for imported products.