#TrumpTariffs The **#TrumpTariffs** hashtag typically refers to the trade policies and tariffs implemented during **Donald Trump's presidency (2017–2021)**, particularly his aggressive use of import taxes to protect U.S. industries and pressure trading partners. Here’s a breakdown of key aspects:
### **1. Key Trump Tariff Policies**
- **Steel & Aluminum Tariffs (2018)**:
- **25% on steel** and **10% on aluminum** imports (under **Section 232** of the Trade Expansion Act of 1962, citing "national security" concerns).
- Targeted **China**, but also affected allies like the EU, Canada, and Mexico (some exemptions later negotiated).
- **China Tariffs (Trade War, 2018–2020)**:
- **$370+ billion** in Chinese goods hit with tariffs (up to **25%**) under **Section 301** of the Trade Act of 1974.
- Aimed at forcing China to stop intellectual property theft, reduce subsidies, and buy more U.S. goods.
- Led to **retaliatory tariffs** from China on U.S. agricultural (e.g., soybeans) and industrial exports.
- **Phase One Trade Deal (2020)**:
- China agreed to buy **$200+ billion** in additional U.S. goods (targets largely unmet due to COVID-19).
- Some tariffs remained, others were reduced.
### **2. Economic & Political Impact**
- **Pros**:
- Boosted some **U.S. manufacturing sectors** (e.g., steel).
- Forced companies to reconsider supply chains (reshoring discussions).
- Popular with **protectionist-leaning voters** and industries harmed by globalization.
