HOW AMERICA IS GOING TO BENEFIT ON TARRIF SET BY TRUMP AND ETF MARKET EFFECT
President Donald Trump has recently imposed comprehensive tariffs, including a universal 10% import tax and higher rates targeting countries with significant trade surpluses with the U.S., such as a 34% levy on Chinese goods. The administration asserts that these tariffs will benefit America by encouraging domestic manufacturing, aiming to reduce the trade deficit, and generating government revenue. The intended outcome is to protect American industries from foreign competition, potentially leading to job creation and economic growth within the U.S. However, these measures have led to significant global market disruptions, retaliatory tariffs from trade partners like China, and concerns about rising consumer prices and potential inflation. While the administration believes the tariffs will ultimately strengthen the U.S. economy, critics warn of immediate economic challenges, including increased costs for consumers and potential job losses in industries reliant on exports.
