#BinanceTurns8 refers to the trade tariffs implemented or proposed by Donald Trump during his presidency and in his 2024/2025 political agenda.
*Key points:*
- *China Tariffs (2018–2020):* Imposed on hundreds of billions in Chinese goods to counter trade imbalances and alleged unfair practices.
- *Global Tariffs:* Steel (25%) and aluminum (10%) tariffs affected allies like the EU and Canada.
- *Results:* Mixed impact. Some industries (like steel) benefited, but others (like agriculture and manufacturing) were hurt due to retaliatory tariffs.
- *Inflation Concerns:* Critics say tariffs raised costs for U.S. consumers and businesses.
- *2024+ Proposal:* Trump has floated a *universal 10% tariff on all imports* and even higher tariffs (60%+) on China if reelected.
Want a deeper look into the economic impact or political reaction?