#TrumpTariffs

Donald Trump's tariff policy, a cornerstone of his "America First" agenda, involved imposing significant import taxes on goods from various countries, notably China, as well as on specific products like steel and aluminum. The stated goals were to reduce trade deficits, protect domestic industries, and encourage manufacturing within the U.S.

These tariffs led to retaliatory tariffs from other nations, sparking trade disputes. While intended to boost American jobs and leverage trade negotiations, the tariffs often resulted in higher costs for U.S. consumers and businesses due to increased import prices. Economists widely point to negative impacts on GDP growth, disruptions to global supply chains, and increased market uncertainty. Legal challenges to some of Trump's tariffs also arose, questioning their authority.