#TrumpTariffs Donald Trump's tariff policy involves imposing significant tariffs on imported goods, targeting major US trading partners and industries like steel, aluminum and automobiles. The tariffs aim to protect domestic industries, decrease trade deficits and increase revenue. Trump has imposed a baseline 10% tariff on US imports from all countries, with higher rates for specific countries like China, Canada and Mexico. The policy has sparked controversy, with critics arguing it could curb growth and stoke inflation. Trading partners have retaliated with their own tariffs, escalating global trade tensions ¹.