Economic Impact Market Reactions Impact on Industries Impact on Growth Impact on Markets Economic Growth Impact of Tariffs Inflation US-China Relations Tariffs Economic Policies Impact on Nations Tariff Impacts Effects on Markets Impact on Inflation US Tariffs Economic Impact of Tariffs Consequences Historical Context Impact on Companies Currency Exchange Impact on Australia Reciprocal Tariffs U.S.-China Relations Market Impact Tariff Policies Fiscal Policy Protectionism Economic Sanctions Impact on Economies Protectionist Policies Isolationism Economic Policy Impact on Businesses Tariffs on Chinese Goods US Trade Policy U.S.-China Trade War China Impact on China