$BTC Donald Trump's tariffs are taxes imposed on imported goods, primarily aimed at reducing trade deficits, protecting domestic industries, and pressuring other countries into more favorable trade agreements. He views them as a tool to raise revenue for the federal government and bring manufacturing jobs back to the United States.

Key aspects of Trump's tariffs:

* Broad Application: While often associated with China, Trump has imposed tariffs on imports from many countries.

* Steel and Aluminum: Early in his presidency, he implemented 25% tariffs on steel and 10% on aluminum imports from various nations, which were later doubled to 50%.

* China: Tariffs on Chinese imports have been particularly aggressive, escalating from an initial 10% to as high as 145% at their peak in response to what he describes as unfair trade practices and issues like fentanyl trafficking. This has led to retaliatory tariffs from China.

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