#TrumpBitcoinEmpire These are increases in tariffs imposed by the Trump administration on a range of foreign imports, particularly from:

China

The European Union

Canada and Mexico (initially)

Some other Asian countries

🎯 Announced Objectives:

1. Reduce the trade deficit between America and countries like China.

2. Protect American industries (such as steel, aluminum, and agriculture).

3. Pressure China to change trade practices that America deemed "unfair" such as:

Intellectual property theft

Massive government support for Chinese industries

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📉 Economic Impacts:

1. On the American economy:

Rising prices of certain goods for the American consumer.

Farmers affected by retaliatory tariffs imposed by China.

Some American companies moved their factories abroad to avoid the tariffs.

2. On China and other countries:

China responded with retaliatory tariffs on American goods such as soybeans.

Global trade affected and tensions increased.