#TrumpTariffs

Donald Trump's administration has widely implemented tariffs, notably from 2018 and escalating into his second presidency. These tariffs, particularly on steel, aluminum, and a broad range of goods from countries like China, aimed to reduce trade deficits, encourage domestic manufacturing, and address perceived unfair trade practices.

While intending to protect U.S. industries, the tariffs have often led to retaliatory duties from affected nations, increasing costs for American businesses and consumers. They have also introduced significant global trade uncertainty, disrupted supply chains, and impacted stock markets. Ongoing negotiations are attempting to establish new trade agreements to avoid further tariff hikes.