#TrumpTariffs Trump imposes billions of dollars in tariffs on:
Steel & aluminum
Electronics, cars, machinery, agriculture, etc.
China retaliates with counter-tariffs on US products such as:
Soybeans
Meat
Other industrial products
---
💥 Key Impacts:
1. Increased consumer prices in the US
2. Pressure on US farmers & exporters
3. Disruption of global supply chains
4. Lengthy trade negotiations, including:
“Phase One Deal” (January 2020): China agreed to purchase more US products