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Trump Tariffs

Definition

Trump tariffs refer to import duties imposed by the United States government under the administration of President Donald Trump. These tariffs were primarily levied on goods from countries like China, often citing national security concerns or unfair trade practices. The objective was to protect domestic industries and renegotiate trade agreements. Such policies led to retaliatory tariffs from other nations, creating trade disputes that impacted global supply chains and economic relations. The effects were felt across various industries and financial markets.