Leo Knodholzdaits

In recent months, President Donald Trump has proposed new tariffs on imports from countries like China, Mexico, and Canada. A tariff is a tax that a government places on goods coming into a country. Governments use tariffs to encourage people to buy
products made in their own country by making imported items more expensive.

Trump believes that by adding these taxes, American companies will be more likely to make products in the United States, which could create more jobs for American workers. He also thinks that
tariffs can help reduce the amount of illegal drugs entering the country and address trade imbalances with other nations.

Tariffs are a tool that governments use to protect
and promote their own industries. However, they can
also lead to higher prices for consumers and tensions with
other countries. As these new proposals are discussed, it’s
important to consider both the potential benefits and the
possible drawbacks to our economy and daily lives.

As the trade war between China and the United States escalated on Wednesday, April 16th 2025, President Trump announced the biggest tariff known to American history. 245% tariff on goods
coming from China, as a retaliation to China declaring that it will be getting its oil imports from Canada instead of the U.S.