Trump's Tariff Threat: Strengthening the US or Straining Global Relations?
President-Elect Donald Trump's proposed tariffs aim to bolster domestic manufacturing, increase federal revenue, and maintain the US dollar's dominance. However, these tariffs could also raise household costs, strain relationships with key trade partners, and disrupt global trade dynamics. By imposing higher tariffs on imports, particularly from China, Mexico, and Canada, the plan seeks to incentivize local production. Yet, experts warn that the long-term economic impact may be more detrimental than beneficial.