#TrumpTariffs $XRP
During his presidency, Donald Trump imposed tariffs to protect U.S. industries and reduce trade deficits, especially with China. Key measures included tariffs on over $250 billion in Chinese goods, citing unfair trade$BNB
practices, and 25% tariffs on steel and 10% on aluminum, applied globally. These actions triggered retaliatory tariffs from China, the EU, and others, sparking a trade war. While intended to revive U.S. manufacturing and address intellectual property theft, the tariffs raised costs for American consumers and businesses. Farmers were hit hard, prompting billions in federal aid. The policy was controversial, with mixed economic results and ongoing global effects.