Question
In 2018, former President Donald Trump started a trade (tariff) war with China, and other American allies, by imposing tariffs on imports of steel and
In 2018, former President Donald Trump started a trade (tariff) war with China, and other American allies, by imposing tariffs on imports of steel and aluminum, solar panels etc. The rationale being they would benefit the American worker, especially in manufacturing, serve national security, and give the country leverage in negotiations, moreover Chinese exporters will pay for it. This was met with retaliation from trading partners. Chinaretaliated Links to an external site.repeatedly by placing tariffs on $185 billion of U.S. exports,most notably agricultural products Links to an external site.. After U.S. soybean farmers saw their largest market dry up, the Trump administration was forced tospend $23 billion
Links to an external site.to offset some of their losses.
Discuss how the Trump tariffs impacted the US economy - US jobs, consumers, agriculture (soybean and hog farmers), and national security.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started