Trump's Tariff Strategy and Economic Impact

Donald Trump has adopted a strong tariff-centric approach to American trade, aiming to bolster domestic production and mitigate perceived economic threats from imports, particularly from China. By implementing tariffs on imported goods, Trump believes that American-made products will become more competitive, encouraging companies to establish factories within the U.S. This strategy reflects a significant shift from the past fifty years of generally low tariffs, which were intended to promote free trade and economic interdependence. However, the application of tariffs as an economic tool can lead to higher prices for consumers and has raised questions regarding their effectiveness in truly revitalizing American manufacturing.