Trump's Tariff Strategy – What Was It Really For? - 2025
Trump's Tariff Strategy – What Was It Really For? Trump's Tariff Strategy – What Was It Really For? “Can tariffs really make America great again?” The tariff policy implemented during former President Trump's term wasn't just an economic lever—it was a strategy aimed at reshaping global trade, empowering domestic industries, and minimizing trade deficits. But behind this bold move were also significant side effects and risks. 1️⃣ Why Were Tariffs Introduced? The goals of the tariff strategy were focused and ambitious: ✔️ Boost competitiveness of American-made products over imports ✔️ Shrink the trade deficit (especially with China) ✔️ Bring back manufacturing jobs to the U.S. Example: A 25% tariff on Chinese steel led to a 12% increase in U.S. steel plant utilization (2019–2020). 2️⃣ Risks You Shouldn't Ignore Impact Area Potential Side Effect Consumers...