#TrumpTariffs ๐Ÿ‡บ๐Ÿ‡ธ Trump Tariffs: What Were They All About?

During his presidency, Donald Trump made tariffs a centerpiece of his economic policy, aiming to protect American industries and reduce trade deficits. Starting in 2018, his administration imposed billions of dollars in tariffs on imports, especially targeting China, steel & aluminum from various countries, and later European goods.

Key points: โœ… China trade war: Tariffs were slapped on hundreds of billions worth of Chinese goods to pressure Beijing on intellectual property theft & trade practices.

โœ… Steel & aluminum: Tariffs of 25% on steel and 10% on aluminum aimed to revive American metal industries.

โœ… Global impact: Many allies were caught in the crossfire, leading to retaliatory tariffs on U.S. products.

โœ… Mixed results: Some industries were shielded, but costs rose for manufacturers & consumers. Studies show U.S. companies and shoppers bore much of the burden.

Bottom line: Trumpโ€™s tariffs reshaped global trade dynamics, sparked debates over protectionism vs free trade, and set the stage for how future administrations deal with China and global supply chains.

๐Ÿ“ˆ Whatโ€™s your takeโ€”necessary defense of American jobs, or costly move that hurt more than it helped?