For Trump, Tariffs Are the Solution to Almost Any Problem

Published On Sep 10, 2024, 5:04 AM

Former President Donald J. Trump has recently reinforced his support for tariffs, claiming they can fund child care, boost manufacturing, handle immigration issues, and strengthen the U.S. dollar. However, economists are skeptical, pointing out that while tariffs do generate some revenue, they might not sufficiently support these ambitious goals. Furthermore, tariffs could lead to consumer cost increases and retaliatory measures from foreign governments, effectively harming the U.S. economy instead of helping it.