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Amer 990029521
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#TrumpTariffs ## Trump Tariffs: America First, Global Ripples Former President Donald Trump's signature trade policy was imposing sweeping tariffs, primarily targeting China but also allies. Starting in 2018, he levied taxes on billions worth of imports like steel (25%), aluminum (10%), and a vast range of Chinese goods (up to 25%). His goal was straightforward: protect American industries, reduce the massive US-China trade deficit, and force better trade deals under his "America First" banner. Supporters argued it revived domestic manufacturing and strengthened US negotiating power. However, the tariffs sparked significant controversy and economic pain. Critics pointed to: 1. **Higher Costs:** US businesses importing materials or goods faced increased expenses, often passed onto consumers as higher prices. 2. **Retaliation:** China and others hit back with tariffs on US exports (like soybeans and motorcycles), hurting American farmers and manufacturers. 3. **Trade War Fears:** The escalating tit-for-tat raised concerns about global trade instability and damaged international relationships. While some industries benefited, economists widely agree the net effect was higher prices for Americans and disruptions to global supply chains. The Biden administration largely maintained these tariffs, underscoring their lasting, complex impact on US trade policy.
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