Real Effects of #TrumpTariffs in the Field
The tariff policy implemented during the Trump administration—known as #TrumpTariffs—has had widespread implications for the global supply chain and the domestic economy of the United States. Its main objective was to reduce dependence on imported goods, particularly from China, and to encourage domestic production. However, the reality is more complex. Many small business owners are burdened by rising raw material costs. While some manufacturing industries do enjoy protection, consumers are forced to pay more for everyday products. This policy has also triggered a trade war that has complicated international relations. Now, the question is: are the benefits really worth the costs?
#GlobalEconomy #TradePolicy #TrumpTariffs #TradeWar #ImportExport