#TrumpTariffs

"Trumptariff" refers to the protectionist trade policies enacted by Donald Trump, significantly increasing duties on imported goods to the U.S. These tariffs, including those on steel, aluminum, autos, and a broad 10% on most imports, aimed to boost domestic manufacturing, reduce trade deficits, and address perceived unfair trade practices.

While proponents argue they protect American jobs and national security, economists widely acknowledge their inflationary impact, raising costs for consumers and businesses. The policies have led to trade disputes, retaliation from other countries, and global economic uncertainty. Recent developments (July 2025) include new tariffs on Japan and South Korea, and continued pressure on trading partners for reciprocal agreements.