#TrumpTariffs Donald Trump's tariff policy involves imposing taxes on imported goods, aiming to protect domestic industries, reduce trade deficits, and create leverage in trade negotiations. These tariffs, applied to various products including steel, aluminum, and a broad range of goods from countries like China, have led to increased costs for U.S. businesses and consumers. While intended to boost American manufacturing and generate revenue, economists generally point to negative impacts, such as higher consumer prices, supply chain disruptions, reduced GDP growth, and retaliatory tariffs from other nations. The legality and long-term economic effects remain subjects of ongoing debate.