#TrumpTariffs 🚨TRUMP EFFECT🚨

Trump Tariffs are trade policies implemented by US President Donald Trump (2017–2021) to protect domestic industries and curb trade practices deemed unfair, particularly from China.

Key points:

China: Tariffs of up to 25% were imposed on imported goods worth $370 billion. The aim was to force China to change practices such as intellectual property theft.

Steel & Aluminum: Tariffs of 25% and 10% were imposed on national security grounds.

Impact: Import costs rose, US farmers were harmed due to retaliatory tariffs from other countries, and global trade tensions increased.

Legacy: Many tariffs remained in place under subsequent administrations.

This policy triggered a global trade war and reinforced protectionist trends.