Trump's strategy focuses on tariffs, seen as a means to protect domestic industries and tackle the trade deficit, particularly with China. Tariffs, which are taxes on imports, differ from sanctions that penalize other nations. His approach has led to uncertainty among businesses and trading partners due to fluctuating tariff threats, termed 'tariff tango.' The tariff on China peaked at 145% before a rollback, highlighting Trump's adaptable tactics to address perceived unfair trade. This tariff policy aligns with his 'America First' agenda, reflecting historical concerns over international competition.
Trump's reliance on tariffs rather than sanctions has been described as both the 'world's worst bet' and 'a powerful proven source of leverage' to protect US interests.
Tariffs are Trump's preferred weapon to tackle the massive US trade deficit, particularly with China, which amounted to $295 billion in 2024.
The tariff on China, the biggest economic and military rival to the US, reached historic highs in April, soaring to 145% before being significantly cut.
Trump's sudden increase and later rollback of tariffs show how he uses them as a flexible way to fix what he sees as unfair trade.
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