#TrumpTariffs Trump's Tariffs. Let me start by recalling what I know. Trump was President of the United States from 2017 to 2021, wasn't he? During his tenure, there were many discussions about trade wars, especially with China. I remember hearing about tariffs on steel and aluminum, but there may have been other tariffs as well. First,

tariffs are actually taxes on imported goods, which raises their price. The goal is to protect local industries from foreign competition by raising the prices of imports. Thus, the Trump administration imposed these tariffs to help American companies, but why specifically steel and aluminum? Perhaps these industries were struggling, and Trump wanted to strengthen them.

Then, there is the Chinese side. There was a significant trade dispute between the United States and China. Trump accused China. Trump accused China of unfair practices, such as intellectual property theft and forced technology transfer. So, he imposed tariffs on many Chinese goods. China responded by imposing tariffs on American products. This situation escalated into a trade war. Did this affect the economy? Perhaps some companies suffered due to increased costs, while others benefited from reduced competition.

What about the first phase of the trade agreement? Perhaps it was an agreement to ease tensions?