#TrumpTariffs Trump Tariffs: A Quick Overview

The Trump administration imposed a series of tariffs between 2018 and 2020, primarily targeting China but also affecting trade with allies like the EU, Canada, and Mexico. The goal was to reduce the U.S. trade deficit, bring manufacturing jobs back to the U.S., and address concerns over unfair trade practices, especially intellectual property theft by China.

Key impacts:

U.S. consumers faced higher prices on goods like steel, aluminum, and electronics.

Farmers were hit by retaliatory tariffs, prompting government subsidies to offset losses.

Global supply chains were disrupted, pushing many companies to rethink sourcing strategies.

While the tariffs sparked debate, they marked a significant shift toward more protectionist U.S. trade policies.

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