US EditionWhat Trump says he's trying to accomplish with tariffs
- President Trump announced tariffs on imports from major exporters on Wednesday.
- Trump aims to return manufacturing jobs to the U.S. By levying these tariffs.
- The tariffs, exceeding $400 billion annually, could raise the average U.S. Tariff rate to 24%.
- Treasury Secretary Scott Bessent stated, "Let's see where this goes, because if you retaliate, that's how we get escalation."
- Economists suggest tariffs may not close the trade deficit and could harm consumers.
12 Articles
12 Articles
Letter: Tariffs are way to pay for tax cuts for wealthy | Honolulu Star-Advertiser
Why is Donald Trump pushing tariffs when many economists say it is a bad idea? Let me give a brief history of tariffs. When the U.S. became a nation, Alexander Hamilton was its first Treasury secretary. The country needed funds to pay for the debts incurred during the Revolutionary War. Hamilton used tariffs to help the government acquire funds to pay for its debts. As the nation grew, tariffs on imported goods became less important as a tool fo…
Trump’s tariffs are what he says they are: weapons of blunt-force, wrong-headed protectionism
The U.S.’s trade policy will raise taxes without raising revenue, increase prices while depressing employment, and limit both imports and exports – and all that, on the basis of a fundamental misread of what trade deficits mean
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