#TrumpTariffs The Trump tariffs, imposed mainly between 2018 and 2020, were a key part of his administration’s trade policy, targeting countries like China with the goal of protecting American industries. While intended to reduce trade deficits and bring manufacturing jobs back to the U.S., the tariffs had mixed outcomes. American consumers and businesses faced higher costs on imported goods, including steel, electronics, and everyday items. In retaliation, countries imposed their own tariffs, hurting U.S. exports, especially in agriculture. Though some industries benefited in the short term, global supply chains were disrupted, leading to long-term uncertainty. The policy sparked debate over whether protectionism truly strengthens domestic economies. In a globalized financial world like Binance's ecosystem, such trade barriers can signal risk and impact investor confidence across markets.
