The most typical ingredient of topologically protected quantum states is magnetic fluxes. In a system of spins, complex-valued interaction parameters give rise to a flux, if their phases do not add up to zero along a closed loop. Here we apply periodic driving, a powerful tool for quantum engineering, to a trapped-ion quantum simulator in order to generate such spin-spin interactions. We consider a simple driving scheme, consisting of a repeated series of locally quenched fields, and demonstrate the feasibility of this approach by studying the dynamics of a small system. An emblematic hallmark of the flux, accessible in experiments, is the appearance of chiral spin currents. Strikingly, we find that in parameter regimes where, in the absence of fluxes, phonon excitations dramatically reduce the fidelity of the spin model simulation, the spin dynamics remains widely unaffected by the phonons when fluxes are present. Our work provides a realistic experimental recipe to engineer the minimal building block of a topological quantum system with a currently existing ion trap apparatus.