#TrumpTariffs Donald Trump's tariff policy is characterized by the imposition of import duties, primarily aimed at reducing trade deficits and protecting domestic industries, aligning with his "America First" agenda. He has levied tariffs on a wide range of goods, including steel, aluminum, solar panels, and products from specific countries like China and the European Union.
While proponents argue tariffs can safeguard jobs and national security, economists generally warn they raise consumer prices, disrupt supply chains, and can invite retaliatory tariffs from other nations, potentially hindering global economic growth. The impact has been varied, with some domestic industries seeing slight benefits while others face increased costs and reduced competitiveness due to reciprocal tariffs.