#TrumpTariffs 📰 #TrumpTariffs: What You Need to Know

Background:

• The term refers to the trade tariffs implemented or proposed by former President Donald Trump, particularly during his administration (2017–2021) and again as a campaign issue for the 2024 and 2028 elections.

⸻

📌 Key Highlights:

🔹 China Tariffs (2018–2020):

• Up to 25% tariffs on $250+ billion of Chinese goods.

• Retaliation by China led to a U.S.–China trade war.

• Targeted tech, steel, aluminum, and agriculture.

🔹 “America First” Trade Policy:

• Claimed goal: Bring jobs and manufacturing back to the U.S.

• Critics argue: Raised costs for U.S. consumers and businesses.

🔹 Effect on Markets:

• High market volatility during tariff announcements.

• Industrials, tech, and agriculture sectors heavily affected.

• Used as a day trading catalyst due to price swings.

🔹 2024+ Updates:

• Trump proposed 10% across-the-board tariffs on all imports.

• 60% or more on China-specific imports if reelected.

• Could reignite tensions with trade partners and global markets.