#TrumpTariffs were introduced to protect American industries and reduce trade imbalances by placing higher taxes on imported goods. đŠđ” These tariffs targeted sectors like steel, aluminum, and technology, affecting major trading partners including China and the EU. đ The policy aimed to boost domestic production and safeguard jobs, but it also raised costs for businesses and consumers due to pricier imported materials. đđ
đ Economic Impact & Global Response
The tariffs sparked global trade tensions, leading some countries to impose retaliatory measures. â ïžđ Markets experienced volatility as companies adjusted supply chains and reassessed investment strategies. Investors closely monitored the effects on inflation, manufacturing, and consumer spending. đđ Understanding helps analyze how protectionist policies shape international trade, economic stability, and long-term market trends. đĄđŒ