Former U.S. Trade Representative Robert Lighthizer believes that Trump’s protectionist instincts could revive American manufacturing, even after his failed attempt to return to the White House. Trump's idea of imposing tariffs has transformed into a major political topic, causing widespread anxiety among businesses dependent on foreign goods. While he announced plans for a significant tariff overhaul, experts express concern over the lack of a coherent policy model to follow. Thus, the implications of such tariffs remain uncertain, creating apprehension within the business community about potential disruptions to global trade.
Trump's intentions to impose tariffs signal a pivotal shift in American trade policy, igniting anxiety among business leaders about the forthcoming impacts on supply chains.
The new tariff regime is not underpinned by a clear theoretical framework, raising concerns about the potential disruption to established global trade norms and practices.
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