Goals of Trump's Tariff Policy

Trump's tariff policy is driven by multiple objectives, primarily aimed at correcting perceived unfair trade practices and addressing trade imbalances with other nations. The first goal focuses on using tariffs to rectify significant trade deficits and promote U.S. manufacturing, thereby fostering job growth within that sector. An additional key objective involves enhancing national security by reducing reliance on imports in vital areas, such as semiconductors and pharmaceuticals, which became evident during the pandemic. Furthermore, Trump aims to leverage tariffs for geopolitical negotiations and to generate revenue, marking a shift in focus from his first term.