Trump posted today, "The American businessmen who criticize tariffs have poor business skills and even worse political capabilities. They don't understand, and they fail to realize that I am the greatest friend of American capitalism in history!"
In Trump's mind, brandishing the "tariff stick" can give him the upper hand in trade negotiations, forcing other countries to accept America's terms, thereby reshaping America's dominant position in the global trade landscape.
Analyzing from a policy perspective, Trump views tariffs as a panacea for solving America's economic problems. He believes that by increasing tariffs, trade deficits can be reduced, the domestic industry can be promoted, and more jobs can be created. However, the facts contradict his assumptions. Many American businesses rely on global supply chains to obtain high-quality raw materials and components at reasonable prices. The increase in tariffs not only disrupts these supply chains but also causes costs to rise significantly, leading to the loss of market share, leaving many businesspeople complaining bitterly.
Trump belittles businessmen who criticize tariffs as having poor business and political skills while boasting himself as the greatest friend of American capitalism in history. This is akin to someone making a mess of another person's house and then claiming to be the best guardian of the house.
Original article: https://www.toutiao.com/article/1829963860729939/
Disclaimer: This article solely represents the author's viewpoint.