#TrumpTariffs

🔹 What Were Trump Tariffs?

Imposed on imports from countries like China, Canada, Mexico, and the EU.

Targeted steel, aluminum, and Chinese goods (valued at hundreds of billions of dollars).

Justified under national security (Section 232) and unfair trade practices (Section 301).

🔹 Key Goals:

Reduce the U.S. trade deficit.

Protect American manufacturers and jobs.

Counter intellectual property theft, particularly by China.

Encourage domestic production.

🔹 Economic Impacts:

Raised costs for U.S. businesses and consumers.

Provoked retaliatory tariffs from other countries (hurting U.S. exports like soybeans).

Mixed impact on jobs — some gained in protected industries, others lost in those reliant on imports or exports.

🔹 Ongoing Relevance:

Some tariffs remain in place under the Biden administration.

Still a point of political and economic debate: Are they leverage, protectionism, or self-inflicted harm?