#TrumpTariffs #TrumpTariffs refers to the tariffs imposed by former U.S. President Donald Trump during his presidency (2017-2021). These tariffs were part of his protectionist trade policy and primarily targeted China, but also included the European Union, Canada, and Mexico.
The trade war with China began in 2018, when the United States imposed tariffs on hundreds of billions of dollars worth of Chinese goods, and China retaliated in kind. The policy aimed to reduce the trade deficit and protect American industries, but it raised concerns about inflation and increased costs of goods.
The tariffs also affected America's allies, leading to new negotiations over agreements like USMCA (the NAFTA replacement). The effects of these tariffs are still a topic of discussion today.
#TrumpTariffs $BTC #TS