#TrumpTariffs The tariffs imposed by the Trump administration, primarily on goods from China, aimed to reduce the U.S. trade deficit and incentivize domestic production. These tariffs sparked trade tensions and retaliatory measures from other countries, leading to increased costs for businesses and consumers due to higher import prices. While some argued the tariffs boosted certain sectors of the U.S. economy and served as leverage in trade negotiations, many economists contend they ultimately harmed the global economy, disrupted supply chains, and did not significantly reduce the trade deficit as intended. The long-term economic impact of these tariffs remains a subject of ongoing debate.