manufacturing industries: autos and aircraft.
Instead of tariffs, the U.S. should focus on reducing its budget deficit and implementing structural reforms to boost economic growth. This will lead to a stronger dollar, which will naturally reduce the trade deficit.
Tariffs, on the other hand, will only hurt American consumers and businesses by raising prices and reducing competitiveness. It’s time for the U.S. to rethink its trade policy and focus on sustainable, long-term solutions. Trump’s tariffs are not ‚common sense’—and they’re putting America’s credibility and ‚exorbitant privilege‘ at risk
Trump’s tariffs program is based on flawed assumptions about the trade deficit
Tariffs won’t make America great again: Export-Import Bank’s former chairman and president
Diese Geschichte wurde ursprünglich auf Fortune.com vorgestellt