#TrumpTariffs
Trump tariffs"**, the trade policies implemented during Donald Trump's presidency (2017–2021). These tariffs were a key part of his **"America First"** economic strategy, focusing on protecting U.S. industries by imposing taxes on imports, particularly from China and other trading partners.
### **Key Points About Trump's Tariffs:**
1. **China Trade War (2018–2020)**
- Trump imposed tariffs on **$250+ billion** worth of Chinese goods, citing unfair trade practices and intellectual property theft.
- China retaliated with tariffs on U.S. agricultural and manufacturing goods.
- The conflict led to a **Phase One trade deal (2020)**, where China agreed to buy more U.S. goods but kept many tariffs in place.
2. **Steel & Aluminum Tariffs (2018)**
- A **25% tariff on steel** and **10% on aluminum** imports, affecting allies like the EU, Canada, and Mexico.
- Justified on **national security** grounds (Section 232 of the Trade Expansion Act).
3. **Other Targeted Tariffs**
- Washing machines, solar panels, and some European products (e.g., wine, cheese).
4. **Economic Impact**
- **Pros:** Some U.S. industries (steel, aluminum) saw temporary boosts.
- **Cons:** Higher costs for businesses/consumers, trade disruptions, and retaliatory tariffs hurt U.S. farmers & exporters.
### **Current Status (2024)**
- Many Trump-era tariffs remain in place under **Biden**, though some exemptions have been granted.
- Trump has proposed even **higher tariffs (60%+ on China, 10% universal baseline tariff)** if re-elected in 2024.