#TrumpTariffs Discover the effects of the tariffs imposed by Trump on global trade:
## What are Trump's tariffs? They are an economic policy followed by U.S. President Donald Trump, consisting of imposing tariffs on American imports from various countries. The aim of this policy is to ¹:
- *Protect local industries*: Imposing tariffs on imported goods that compete with American products.
- *Reduce the trade deficit*: Decreasing American imports to shrink the trade deficit.
- *Increase revenue*: Imposing tariffs as a measure to collect additional revenue.
## Effects of tariffs on companies
- *Apple Inc.*: Could incur losses of up to $1.1 billion which may lead to increased prices for Apple products or shifting production to the United States.
- *Small and medium-sized enterprises*:
These companies may be significantly affected by tariffs, especially if they rely on imports from countries subject to the tariffs.
## Effects of tariffs on the global economy
- *Increased costs*: $BNB on consumers and businesses.
- *Impact on supply chains*: Tariffs may affect global supply chains and lead to changes in production and distribution strategies.
- *Effects on trade relations*:
Tensions in trade relations between the United States and other countries ¹$SOL