#TrumpTariffs

The term Trump Tariffs refers to the tariffs imposed by former U.S. President Donald Trump during his presidency (2017–2021) as part of a protectionist trade policy aimed at reducing the trade deficit and supporting American domestic industries.

Key features of these tariffs:

Focus on China: The Trump administration imposed tariffs on hundreds of billions of dollars of Chinese imports, citing unfair trade practices and intellectual property theft.

Steel and Aluminum: Tariffs of 25% were imposed on steel imports and 10% on aluminum from several countries, including traditional allies such as Canada and the European Union.

Reactions: These tariffs led to reciprocal trade wars, as affected countries retaliated by imposing tariffs on American products, impacting some American farmers and manufacturers.

Outcomes: Although the tariffs helped some domestic industries, they also increased the prices of certain goods and sparked widespread economic and political debate both within and outside the United States.