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Trump's Longstanding Tariff Vision
- President Trump has been consistent in desiring tariffs and better trade deals for nearly four decades.
- His policy intentions are steady, but the specifics and noise around percentages vary over time.
U.S. Confidence in Trade Leverage
- The U.S. administration still believes it holds leverage as China depends on the American market.
- Trump's team remains optimistic about deals with countries like Japan, South Korea, and Vietnam.
Trade War Unsustainable, Decoupling Harmful
- Neither the U.S. nor China can sustain a prolonged trade war at current tariff levels.
- Decoupling the economies would harm both countries and the global economy significantly.