On April 1st, U.S. President Trump posted on social media: "No country has ever undergone such an obvious transformation as the United States. Companies are flooding into our country on an unprecedented scale, bringing along job opportunities (and money!). It is a wonderful thing to watch!"
Trump's remarks appear to be an optimistic summary of America's economic policies at first glance. However, considering the tariff policies set to be implemented on April 2nd, they seem more like a packaging of political propaganda and economic narratives. He attempts to emphasize the influx of companies and the increase in job opportunities to build momentum for the upcoming tariff measures.
Trump called April 2nd "Liberation Day" and plans to announce large-scale tariff measures on this day. The naming itself carries strong political undertones, intended to convey a signal of "economic revival" to the public. He emphasized that tariffs will protect American industries, reduce dependence on foreign goods, and create job opportunities for American workers.
Although Trump's trade protectionist policies, such as imposing tariffs on imported goods, may protect some American industries and jobs in the short term, they also bring many negative impacts. Goldman Sachs estimates that the "reciprocal tariff" policy that Trump's administration is expected to announce on April 2nd will impose an average reciprocal tariff of 15% on all U.S. trading partners, which may lead to an increase in the average U.S. tariff rate, raise costs for businesses and consumers, disrupt global supply chains, and trigger retaliatory measures from trading partners, potentially causing harm to the U.S. economy in the end.
Source: https://www.toutiao.com/article/1828216307578883/
Disclaimer: This article solely represents the author's personal views.