TrumpTariffs Explained
🇺🇸💼💥
During Donald Trump’s presidency (2017–2021), tariffs became a key tool in reshaping U.S. trade policy. Here’s a quick breakdown:
1. Trade War with China
⚔️🇨🇳➡️🇺🇸
Trump slapped tariffs on $360+ billion worth of Chinese goods to fight unfair trade practices.
China hit back with its own tariffs, sparking a full-blown trade war.
2. Protecting U.S. Industries
🏭🛡️🇺🇸
Tariffs on steel & aluminum were meant to revive American manufacturing.
Result? Some factories cheered, but others suffered from rising material costs.
3. Pressure for New Deals
🤝📜
Tariffs were used to force negotiations, like:
Renegotiating NAFTA into USMCA
Pressuring Europe, Mexico, and Canada on trade rules
4. Economic Impact
📈📉💰
Higher prices for U.S. consumers
Farmers hurt by retaliation
Mixed success in boosting jobs
Big shift in global trade dynamics