Goldman Sachs Exchanges Trump’s tariffs: Big talk or big action?
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Mar 4, 2025 In this discussion, Jeff Gerrish, a partner at Shager & Associates and former Deputy US Trade Representative, dives into the complexities of Trump’s tariff policies. He explains the strategic goals behind these tariffs, from fighting unfair trade practices to revitalizing U.S. industries. Gerrish also questions whether these measures are genuine or mere negotiation tactics. With insights on potential blanket tariffs and legal challenges, he paints a vivid picture of an evolving trade landscape filled with uncertainties.
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Trump's Tariff Goals
- Trump's tariff policy has several goals, including addressing unfair trade, rebuilding US manufacturing, and protecting national security.
- He also uses tariffs as leverage in negotiations and to address non-trade foreign policy issues.
Misunderstood Strategy
- Trump's tariff strategy is often misunderstood as erratic.
- However, there's a plan to achieve his goals, even if it seems haphazard to outsiders.
Tariffs on Allies
- Tariffs on major allies like Canada and Mexico are primarily negotiating tactics.
- Trump aims to achieve goals on border security and the fentanyl crisis.