evrimagaci.org on Nostr: Trump Revives Tariffs To Influence Global Trade Dynamics ========== On February 1, ...
Trump Revives Tariffs To Influence Global Trade Dynamics
==========
On February 1, 2025, President Donald Trump implemented new tariffs of 25% on imports from Mexico and Canada, and 10% on Chinese goods as part of a strategy to leverage trade for economic and diplomatic gains amid rising tensions with China. Trump aims to evaluate China's compliance with the 2020 phase one trade deal and address immigration issues through tariffs. William Lee from the Milken Institute notes that Trump's approach has evolved to use tariffs as tools for foreign policy and national security. Despite generating less than 2% of U.S. government revenue, tariffs are seen as a means to influence global supply chains and reduce dependency on China. Trump emphasized the importance of American manufacturing jobs during the World Economic Forum, stating, "If you don’t make your product in America, you will have to pay a tariff." Economic analysts predict that tariffs could lead to a disengagement from Chinese supply chains, while China's economic vulnerabilities are highlighted as it relies heavily on exports. The article discusses the complexities of U.S.-China trade relations and the potential for further tariffs if negotiations fail.
#Trump #Tariffs #TradePolicy #China #Mexico #Canada #Economy #ForeignPolicy #SupplyChains #InternationalRelations
https://evrimagaci.org/tpg/trump-revives-tariffs-to-influence-global-trade-dynamics-174537
==========
On February 1, 2025, President Donald Trump implemented new tariffs of 25% on imports from Mexico and Canada, and 10% on Chinese goods as part of a strategy to leverage trade for economic and diplomatic gains amid rising tensions with China. Trump aims to evaluate China's compliance with the 2020 phase one trade deal and address immigration issues through tariffs. William Lee from the Milken Institute notes that Trump's approach has evolved to use tariffs as tools for foreign policy and national security. Despite generating less than 2% of U.S. government revenue, tariffs are seen as a means to influence global supply chains and reduce dependency on China. Trump emphasized the importance of American manufacturing jobs during the World Economic Forum, stating, "If you don’t make your product in America, you will have to pay a tariff." Economic analysts predict that tariffs could lead to a disengagement from Chinese supply chains, while China's economic vulnerabilities are highlighted as it relies heavily on exports. The article discusses the complexities of U.S.-China trade relations and the potential for further tariffs if negotiations fail.
#Trump #Tariffs #TradePolicy #China #Mexico #Canada #Economy #ForeignPolicy #SupplyChains #InternationalRelations
https://evrimagaci.org/tpg/trump-revives-tariffs-to-influence-global-trade-dynamics-174537