#TrumpTariffs refer to the protectionist trade policies implemented by Donald Trump, primarily during his first presidency (2017-2021) and continuing into his current administration. These involved imposing taxes (tariffs) on imported goods, most notably from China, but also on steel, aluminum, solar panels, and washing machines from various countries. The stated goals were to reduce trade deficits, protect domestic industries, and retaliate against what he deemed unfair trade practices.
While Trump claimed foreign nations would bear the costs, economists largely agree that American importers and consumers ultimately paid higher prices. The tariffs have led to trade wars, increased costs for US businesses, and created significant global economic uncertainty.