#TrumpTariffs
From trade wars to the negotiating table, tariffs did not go unanswered. China responded by imposing tariffs on American products such as soybeans and cars.
Thus, a fierce trade war erupted, affecting global markets, shaking stock exchanges, and putting American companies and farmers in a difficult position.
But amid this chaos, Trump succeeded in pushing China to sit at the negotiating table.
The 'Phase One' agreements emerged, which included promises to purchase more American goods.
* Between profit and loss:
• Profit:
Some companies reconsidered their supply chains, and some domestic investments increased.
• Loss:
Prices rose for the American consumer, companies relying on imported components were harmed, and exports of some agricultural products declined.
