
Donald Trump announced last week a large -scale tariff plan that will improve the global economic order as well as a long -standing relationship with the US allies.
But after the president leaned over a trade war with China for 90 days, the plan is on the ice.
With this partial reversal, is Trump closer to realizing his goal of trade? The following is a brief look at five of his main ambitions and where they stand.
1) Better trade transactions
What Trump said: For decades, Korea has been plundered, plundered and plundered by a country close to both friends and enemies.
Trump’s original trade plan packed a large punch that landed around the world, with a 10%standard tariff, along with the additional “mutual” tariffs of 60 counties (including some uninhabited islands) and the worst criminals.
Allies and opponents spent hostile to the allies, looking at the prospects for the economy.
According to the Finance Minister Scott Bessent, the White House quickly boasted all the world leaders who contacted the president to contact the president and provide a transaction concession.
The administration said on Tuesday that Trump did not announce a list of all countries that he promised to kiss my butt, but the United States is negotiating with Korea and Japan.
Takeout: The US trading partner has a contract with Trump for 90 days and the clock is ticking. But the fact that there is a conversation indicates that the president has a good opportunity to get something for his efforts.
2) Strengthening US industry
What Trump said: Jobs and factories will return to our country… We will overlook domestic industrial bases.
Trump said it is an effective way to rebuild the US manufacturing base by protecting tariffs for decades of unfair foreign competition. Some factories can increase production in the current facility, but it takes more time for more practical efforts. And you will want to know that the rules of the game are relatively stable in order to “reconstruct” the production line and attract the trigger that invests in a new US factory.
But last week’s president’s alien tariffs are essentially unstable. At present, it is difficult to predict where the final tariffs will land and which industry will be protected the most. It can be a car manufacturer and steel producer and a high -tech electronic company tomorrow.
Takeout: When tariffs are applied and removed due to the president’s whims, companies from the United States and abroad are much more likely to wait until the dust is settled before making a big promise.
3) Representing China
What Trump said: I have great respect for China’s XI and have received a lot of respect for China, but they have gained tremendous benefits.
After Wednesday, after the tariff on Trump’s tariffs, some White House officials, including Bessent Treasury Secretary, quickly said that Trump’s goal was to fall out of China’s real villains.
“They are the biggest source of American trade issues,” Bessent told reporters.
If Trump wanted a battle with China, if he tested both sides for economic and political pain, he gained one even if he imagined that the president and his aide were looking for an exit ramp.
Wednesday, Trump said that US leaders, not China, have criticized the current trade disputes. The day before, Karoline Leavitt said that if China contacts for a deal, the president said it was “tremendously gracious.”
Takeout: Even if this confrontation is what Trump wants, choosing the second largest fight against the world is at risk of matching military power. And along the way, the United States can alienate the most needed allies in such confrontation.
4) Increased income
What Trump said: Now it’s time to prosper. By doing so, we use a tank and $ 1 trillion dollar to reduce taxes and repay national debt.
During the presidential election last year, Trump regularly propagated that his proposed tariffs would bring huge amounts to new income, which allowed the United States to reduce budget deficits, reduce tax exemptions and pay new government program costs.
Last year, a study by the Last year’s Last year’s Last year, the 10% universal tariff that Trump landed for at least 90 days, is estimated to generate 2TN with new profits over the next 10 years.
To this end, for this, the tax cuts have recently cost about 5TN for the next 10 years.
Takeout: Trump wanted more tariff income, and if he adhered to the standard tariffs, China’s certain and larger income, he would get it when the tariffs could be asked until at least Americans turned into more domestic production.
5) Low price for US consumers
What Trump said: Ultimately, more output at home will lower more powerful competition and prices for consumers. This will actually be the golden age of the United States.
Analysts and experts provided another explanation last week why Trump had aggressively moved in trade. Did he try to lower interest rates, devalue US dollars, or bring the world to a table for a new global trade contract? The president did not talk much about that kind of sophisticated plan.
But one of his constant talk is his desire to lower and sleep in American consumers. And he promised that his trade policy would help to solve this. Energy prices have fallen a week since Trump announced the tariff plan, which may be the result of fear that trade wars can cause a global economic downturn.
The agreement between economists will increase consumer prices as new tariffs are imported as import prices and eventually competing for US products, as tariffs reach import prices. Last year, the Tax Foundation estimated that 10% universal tariffs would increase the cost of US furniture of $ 1,253 in the first year. Economists also warned that low -income Americans would be the biggest blow.
Takeout: The rise in price is an arrow that moves in the wrong direction, which indicates tremendous responsibility for Trump’s political position and his future election prospects.
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2025-04-11 04:01:00