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

*Tariffs Imposed:*

- _China:_ 10% to 25% tariffs on approximately $380 billion worth of Chinese goods ¹

- _Canada and Mexico:_ 25% tariffs on steel and aluminum, with some exemptions ¹

- _European Union:_ Threatened 25% tariffs on EU goods, including autos and agricultural products ¹

*Economic Impact:*

The Tax Foundation estimates that Trump's tariffs will reduce US GDP by 0.4% and lead to a loss of 358,000 full-time equivalent jobs ¹. Additionally, the tariffs are expected to increase tax revenue for the federal government, but at the cost of reduced economic output and higher prices for consumers.

*Retaliation and Trade Wars:*

China, Canada, and the European Union have retaliated with their own tariffs on US goods, leading to a trade war that has disrupted global supply chains and increased uncertainty for businesses and investors ¹.#TrumpTariffs