#TrumpTariffs
Trump's tariffs, often aimed at protecting American industries and reducing trade deficits, have significantly impacted global trade. They typically involve taxes on imported goods, raising costs for consumers and businesses. While proponents argue they encourage domestic production, economists largely contend that tariffs harm economic performance by increasing prices, reducing purchasing power, and inviting retaliatory tariffs from other nations. This often leads to reduced global GDP, supply chain disruptions, and increased market uncertainty, affecting various sectors and potentially leading to job losses and slower economic growth.
