#TrumpTariffs Trump Tariffs (Trump Tariffs) refer to the customs policies implemented by former U.S. President Donald Trump during his presidency (2017-2021). These policies were part of the "America First" strategy aimed at protecting American industries and stimulating the local economy.

*Key features of Trump’s tariffs:*

- *Imposition of tariffs on imports*: Trump imposed tariffs on a wide range of imported goods, including steel, aluminum, and manufactured goods from China.

- *Trade war with China*: Trump imposed tariffs on Chinese goods worth $250 billion, and China responded by imposing tariffs on American goods worth $110 billion.

- *Impact on global trade*: Trump's tariff policies raised concerns about escalating a global trade war and negative effects on the global economy.

*Effects of the tariffs:*

- *Increased costs for consumers*: The imposition of tariffs led to higher prices for imported goods, affecting American consumers.

- *Effects on industry*: While some industries benefited from tariff protection, others were adversely affected due to increased costs of raw materials and intermediate goods.

- *International reactions*: Trump's tariff policies faced criticism from many countries, which deemed them a violation of international trade rules.