#TrumpTariffs Donald Trump's tariff policy involves imposing import taxes on various goods, aiming to protect domestic industries, reduce trade deficits, and gain leverage in trade negotiations. During his presidency, he enacted tariffs on steel, aluminum, and a broad range of Chinese goods, initiating a trade war. More recently, he has continued to implement and threaten new tariffs, including increased duties on steel and aluminum to 50% and a 10% baseline tariff on all imports from most countries.

The impact of these tariffs is debated. Proponents argue they encourage domestic production and create jobs, while critics contend they raise costs for consumers and businesses, invite retaliatory tariffs, and disrupt global supply chains. Economists largely agree that tariffs can lead to higher prices, reduced economic growth, and increased policy uncertainty.