#BinanceTurns8 The tariffs imposed during the Trump administration, known as #TrumpTariffs, had a significant impact on global trade relations, particularly between the United States and China. 🧐🤔🌍 Many American companies faced higher costs for importing essential components, thus affecting the supply chain and consumer prices. 💸📈🏭 Some sectors, such as agriculture, received subsidies to offset losses due to countermeasures imposed by other countries. 🌾💰🛡️ However, the tariffs have also been viewed by some as a means to protect domestic industry and reduce dependence on foreign suppliers. 🛡️🏭🌍 The issue remains highly debated even today.