When Trump rolled out tariffs on imports like steel and Chinese goods it sent shockwaves through global trade. Lets unpack it real quick
What Was the Plan
The idea was simple tax imports to shield US industries and bring jobs home. He hit China with tariffs on over $250 billion in goods and even tapped allies like the EU for steel and aluminum duties
The Wins
US steel companies got a quick lift
China faced real heat for its trade tricks
The Struggles
Trade wars kicked off China fired back slamming US soybeans farmers felt that one hard
Prices climbed everyday stuff like cars and appliances got pricier
Markets freaked stocks and even crypto took hits as uncertainty spiked
What Stuck Around
The trade deficit with China dipped for a bit but the big job revival didnt quite happen. Instead we got inflation sparks and supply chains that still feel off today. History worth watching
Why It Matters to Us
Trade moves ripple into markets currencies and crypto too. Knowing this stuff helps us guess whats coming next
What do you think did those tariffs do more good or harm Share your take below
