#TrumpTariffs The Return of Tariffs and Their Global Effects 🌍
With the recent announcement that Donald Trump intends to resume — and even intensify — the tariff policy if he wins the 2024 elections, the topic #TrumpTariffs has returned to dominate headlines and spark heated debates about trade, economy, and geopolitics.
📦 What are "Trump Tariffs"?
During his first term, Trump implemented significant tariffs on products coming from China, steel and aluminum from various countries, and threatened other protectionist measures. The goal was, according to him, to protect the American industry, reduce the trade deficit, and push for more favorable agreements for the US.
But did it work?
📊 Mixed and controversial impacts:
Some sectors of the American industry really gained momentum — like steel — but many others suffered from increased production costs.
Consumers saw prices rise, especially in consumer goods and technology.
Small agricultural producers faced trade retaliation from partners like China.
Global supply chains were shaken — and are still feeling the effects.
Now, with the possibility of a new Trump term, tariffs are back on the table as a central tool of his economic policy. Analysts predict that even harsher measures could affect not only China but also US allies, with impacts on emerging markets — including countries in Latin America.