Reported 1 day ago
In his second presidential term campaign, Donald Trump has resorted to tariffs as a catch-all solution for various issues, promising increases on imports from China, Mexico, and Canada. Originally aimed at addressing the trade deficit with China, Trump now claims tariffs will combat the illegal fentanyl trade contributing to the opioid crisis. While his blanket tariff threats have garnered skepticism from economists and investors alike, Trump appears to leverage these measures as both political tools and methods to invigorate domestic production, despite the economic risks involved. His approach raises questions about the feasibility and impact of implementing such tariffs.
Source: YAHOO