#TrumpTariffs

Donald Trump's administration heavily utilized tariffs as a key trade policy tool. These were taxes imposed on imported goods, primarily aimed at reducing trade deficits, protecting domestic industries (like steel and aluminum), encouraging "reshoring" of manufacturing, and pressuring other countries into new trade agreements.

While intended to boost American jobs and revenue, the tariffs often led to retaliatory tariffs from other nations, increasing costs for U.S. businesses and consumers. Economists widely criticized the approach, warning of higher prices, supply chain disruptions, and reduced GDP growth, leading to trade wars, notably with China.