#TrumpTariffs refers to the trade policy implemented by former U.S. President Donald Trump between 2018 and 2020, focused on increasing tariffs on imported products, especially from China. The main objective was to reduce the U.S. trade deficit, protect domestic industry, and pressure countries like China to change unfair trade practices, such as intellectual property theft or state subsidies.
Trump imposed tariffs worth hundreds of billions of dollars on Chinese goods, which sparked a trade war between the two countries. It also affected allies like the European Union, Canada, and Mexico by imposing tariffs on steel and aluminum, leading to retaliatory measures.
The consequences were mixed: some U.S. industries benefited, such as the steel industry, but others—like agriculture and automotive—suffered due to rising costs and trade retaliation. Many economists argue that the tariffs harmed U.S. consumers and businesses more than foreign exporters.
Although Trump defended his policy as necessary to "put America first," its long-term impact remains a subject of debate among experts.