Brookie1973
Member
I’m no trump supporter, but there seems to be a misconception that he has imposed tariffs where there previously were none (“tariffs bad”). As far as I can tell, he has simply redressed a previous imbalance in already existing tariffs, which seemed to have manifested over many decade, to the detriment of American industry. You only have to look at the state of the auto industry in Detroit for an example. If we start from the position that tariffs are a necessary part of international trade, then the debate becomes one of negotiating the right levels. I’m not sufficiently qualified to say what those are, and I suspect no one on this forum is. I can see the logic of what trump is doing, albeit it is a gamble given the seismic change needed to address decade long imbalances, and the consequential knock on effects to inflation, stock markets etc. Time will tell whether the gamble pays off.