#TrumpTariffs

Trump Tariffs: What Were They and What Was the Impact?

What Were They?

A series of tariffs imposed between 2018-2020 targeting China, steel, aluminum, and other imports to protect U.S. industries and reduce trade deficits.

Impact on Economy

Short-term price increases for consumers and manufacturers. U.S. farmers and companies supplying China were hit hardest by retaliatory tariffs.

Global Trade Effects

Triggered trade tensions and retaliatory tariffs worldwide, disrupting supply chains and causing market uncertainty.

Long-term Outcomes

Some manufacturing reshored but mixed impact on jobs. Spurred U.S. efforts to diversify trade partners and reform global trade policies.