#TrumpTariffs

Donald Trump's tariffs have had a significant impact on the US economy and international trade. During his presidency, Trump imposed tariffs on various countries, including China, Canada, and Mexico, citing national security concerns and unfair trade practices ¹.

*Key Tariffs Imposed:*

- _China:_ 10% to 25% tariffs on approximately $380 billion worth of Chinese goods

- _Canada and Mexico:_ 25% tariffs on steel and aluminum imports, with some exemptions

- _European Union:_ Threatened 25% tariffs on EU goods, including autos and agricultural products

These tariffs have led to retaliatory measures from affected countries, resulting in higher prices for US consumers and businesses. The Tax Foundation estimates that the tariffs imposed by Trump would reduce US economic output by 0.4% and lead to a loss of 309,000 full-time equivalent jobs ¹.

The tariffs have also had a significant impact on US tax revenue. The Tax Foundation estimates that the imposed tariffs would generate $1.5 trillion in revenue over the next decade, but this would come at the cost of reduced economic growth and higher prices for consumers ¹.