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Trump's tariffs applied to both finished goods and raw materials. His administration used tariffs mainly to pressure China and other countries in trade negotiations, protect U.S. industries, and reduce the trade deficit.
Key Tariffs Under Trump:
Tariffs on Raw Materials & Intermediate Goods
Steel & Aluminum (2018):
25% tariff on steel imports
10% tariff on aluminum imports
Affected industries: U.S. construction, auto manufacturing, and appliance production
Semiconductors & Other Inputs: Tariffs were imposed on electronic components from China.
Tariffs on Finished Goods
China ('18-'19, "Trade War"):
Imposed tariffs on $250+ billion worth of Chinese goods under Section 301
Covered electronics, machinery, furniture, and consumer goods
Consumer Goods (2019):
Tariffs extended to items like smartphones, laptops, clothing, and toys
Impact
U.S. manufacturers paid more for imported raw materials.
Some industries moved supply chains out of China to avoid tariffs.
Higher prices for U.S. consumers on many goods.