#TrumpTariffs The tariffs imposed by the Trump administration represented a turning point in global trade policy. Aimed at protecting American industries and reducing trade deficits, tariffs were introduced on billions of dollars of imports, particularly from China.
These measures triggered retaliation from trading partners, leading to a "trade war" that generated uncertainty in the markets. Economists have highlighted how tariffs increase costs for U.S. businesses that rely on imported raw materials, impacting consumer prices.
Although tariffs generate revenue for the government, their long-term function has been a subject of debate, with estimates suggesting a reduction in GDP and a negative impact on economic growth. Their implementation has raised questions about the stability of the global trading system and international relations.