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eseh4934
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Trump’s tariff policy was designed to protect American industries by imposing higher taxes on imported goods, especially from countries like China and members of the European Union. The goal was to reduce trade deficits and encourage domestic production. While this strategy did provide short-term support for some U.S. manufacturers, it also led to higher costs for American consumers and strained relationships with key trading partners. Many businesses relying on global supply chains faced increased expenses, which were often passed down to customers. In the long run, the tariffs created uncertainty in global markets and risked retaliation from other countries. Overall, while the policy had some protective effects, its broader economic impact was mixed and controversial.
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