#TrumpTariffs Donald Trump's tariffs, broadly applied to imports, aim to protect domestic industries, reduce trade deficits, and generate revenue. However, they've also led to increased costs for U.S. businesses and consumers, contributing to higher prices and potentially slowing consumer demand. While intended to incentivize reshoring manufacturing, critics argue they risk retaliatory tariffs, disrupt global supply chains, and create economic uncertainty, ultimately hindering overall economic growth. Negotiations with trading partners are ongoing to mitigate impacts.