#TrumpTaxCuts Donald Trump’s presidency was marked by a protectionist trade policy, especially a trade war with China. He imposed tariffs on hundreds of billions in Chinese goods to cut the trade deficit and push for reforms. In 2018, he added 25% tariffs on steel and 10% on aluminum from many countries, including U.S. allies, prompting retaliation. In his 2024 campaign, Trump proposes a flat 10% tariff on all imports to support American industry and boost the economy. His “America First” approach focuses on reshoring jobs and reducing U.S. dependence on foreign goods.