#TrumpTariffs
Trump Tariffs (2018โ2020)
What: Extra taxes on products coming from other countries ๐๐ฆ
Who started it: President Donald Trump ๐บ๐ธ๐
Why:
To help American factories ๐ญ
To buy less from other countries ๐ฐ๐
To push countries (especially China ๐จ๐ณ) to trade more fairly โ๏ธ
Main target: China ๐จ๐ณ (also countries like Canada ๐จ๐ฆ and Mexico ๐ฒ๐ฝ for steel and aluminum)
What happened:
Some U.S. industries got help ๐
Prices went up for many things ๐ตโฌ๏ธ
Farmers lost money because other countries stopped buying their goods ๐ฝ๐ซ๐