#TrumpTariffs
1. Trump's 2024 campaign promises (if he's re-elected or actively campaigning), where he has floated:
A universal baseline tariff on all imported goods (reportedly 10%).
Much higher tariffs on Chinese imports, potentially 60% or more.
Using tariffs to reduce the trade deficit and bring manufacturing back to the U.S.
2. Market reactions or criticisms:
Economists and global trade experts often warn that tariffs can raise consumer prices, trigger retaliation from other countries, and disrupt global supply chains.
Supporters say they can protect American industries and curb unfair trade practices.
3. Geopolitical or economic tensions:
Tariffs may be used as leverage in disputes over tech, defense, or trade agreements.
Ongoing U.S.-China economic rivalry is a central backdrop.