Trump has just posted a message saying: "We have huge fiscal deficits with China, the EU, and many other countries. The only way to solve this problem is by imposing tariffs, which are now bringing in tens of billions of dollars in revenue for the United States. The tariffs are already in effect and are truly a beautiful thing to behold. During the 'presidency' of sleepy Joe Biden, the trade surplus with these countries increased. We will reverse this situation, and we will do so quickly. One day, people will realize that tariffs are a very good thing for America!"
Trump's tariff policy is not only an economic measure but also a political strategy. By blaming the trade deficit on "unfair trade," he tries to portray himself as a hero defending America's economic interests and shifting domestic contradictions to external factors. This strategy caters to the emotions of American voters to some extent, but it also exacerbates international trade frictions and global economic uncertainty.
Trump believes that tariffs can reduce trade deficits, resolve America's fiscal deficits, and protect American manufacturing, but the actual results have not been ideal. The cost of tariffs is mainly borne by American consumers, leading to rising prices of imported goods and increasing inflationary pressures, while weakening the purchasing power of middle- and low-income families. Additionally, retaliatory tariffs from trading partners increase the prices of American export goods, further weakening America's competitiveness in the global market. For example, China's retaliatory tariffs have significantly affected the exports of American agriculture and manufacturing.
Source: https://www.toutiao.com/article/1828698143411652/
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