Reducing the trade deficit.
Protecting American industries from foreign competition, especially from China.
Pressuring countries to renegotiate trade agreements.
🧱 Key tariffs imposed:
China 🇨🇳:
Imposed tariffs on hundreds of billions of dollars of Chinese goods.
China retaliated with tariffs on American goods.
This led to a trade war between the two countries.
Steel and aluminum 🏗️:
25% tariffs on steel and 10% on aluminum.
Affected countries like Canada, Mexico, and the European Union.
European and Japanese products:
Due to disagreements over the automotive and agricultural sectors.
⚠️ Effects of Trump Tariffs:
📈 Price increases on some goods within America.
🔁 Changes in global supply chains.
🚜 Pressure on American farmers due to retaliatory responses from China.
💼 Some industries benefited, while others were harmed.