Donald Trump often refers to tariffs as 'the most beautiful word in the dictionary'. His commitment to imposing tariffs reflects both strategic negotiation and a belief in reviving American manufacturing.
Trump intends to impose a 25% tariff on imports from Canada and Mexico, alongside a 10% tariff on products from China, framing it as a tactic for economic negotiations.
Economists predict that Trump's proposed tariffs could add up to $2,500 in costs per household annually, raising questions about the actual return of manufacturing jobs.
China has reportedly been preparing for Trump's tariff announcements, raising concerns that a trade war could unfold, causing significant strain on the global economy.
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