#TrumpTariffs During his presidency, Donald Trump implemented tariffs on various imported goods, most notably steel, aluminum, and a wide range of Chinese products. His stated goals were to protect American industries, bring manufacturing jobs back to the U.S., reduce trade deficits, and gain leverage in trade negotiations.

Economically, these tariffs generally increased costs for U.S. businesses and consumers, as the taxes on imports were often passed on. While some domestic industries saw a boost, many U.S. manufacturers relying on imported components faced higher expenses. The tariffs also led to retaliatory tariffs from other countries, impacting U.S. exports, particularly in agriculture. Overall, economists generally conclude that Trump's tariffs resulted in reduced U.S. GDP growth and increased economic uncertainty.