Trump's Trade War

Trump's trade war, characterized by the imposition of tariffs on imported goods, aimed to protect American businesses and workers by reducing trade deficits and promoting domestic production. The policy ignited a series of retaliatory measures from China, resulting in a tit-for-tat exchange of tariffs that disrupted global trade and impacted industries on both sides. The tariffs affected a wide range of products, from soybeans and pork to technology and machinery, leading to increased costs for consumers and businesses. The trade war also heightened tensions between the two economic powerhouses, straining diplomatic relations and creating uncertainty in the global economy.

Disclaimer: This summary may have been generated by an AI.