Trump's reliance on tariffs as a primary tool over sanctions has created uncertainty in global trade and among U.S. businesses. The approach, termed 'tariff tango,' involves making bold tariff pledges followed by sudden reversals depending on his political and economic strategies. Tariffs are crucial to Trump's 'America First' agenda, addressing the trade deficit especially with China, which reached $295 billion. His decisions often reflect a desire to protect domestic industries and maintain leverage over international trade relations.
Trump's reliance on tariffs over sanctions has been referred to as both 'the world's worst bet' and 'a powerful proven source of leverage' for national interests.
Since his presidency began in January, Trump's tariff threats have created significant uncertainty among US businesses and global trading partners about future engagement.
The so-called 'tariff tango' illustrates Trump's bold pledges of steep duties on foreign goods, which he may abruptly reverse based on shifting objectives.
The tariffs on China, having reached 145% in April, were later cut after trade discussions, underscoring the flexibility Trump utilizes to address perceived trade injustices.
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