#TrumpTariffs

Donald Trump's administration broadly implemented tariffs, imposing taxes on imported goods like steel, aluminum, and various products from China and other countries. The stated aim was to protect domestic industries, reduce trade deficits, and pressure trading partners.

These tariffs, however, often led to increased costs for American consumers and businesses reliant on imported materials. Many economists and industries, including manufacturing, construction, and agriculture, reported negative impacts due to higher expenses, supply chain disruptions, and retaliatory tariffs from other nations. The long-term economic effects are still being analyzed, with some models projecting significant reductions in GDP and wages.