💠Does the United States need money? The strategy behind tariffs🤔🤔
⚡The recent increases in tariffs imposed by the U.S. have led many to wonder: Does the country urgently need to raise funds? While the United States is not bankrupt (it remains the largest economy in the world), tariffs are not just a revenue-generating measure but a geopolitical tool.
💠3 key reasons behind these taxes:👇👇
1️⃣ Economic pressure on rivals (like China) to gain an advantage in trade and technology.
2️⃣ Protection of local industries, especially in key sectors like steel and technology.
3️⃣ Political strategy, used by governments (like Trump’s and now Biden’s) to show firmness to voters.
💠Extracting money "from wherever"?💲 Not exactly. The U.S. fiscal deficit is high, but its financial power allows it to borrow at low costs. Tariffs are more of a strategic play than an act of desperation.
💠Do you think it’s a smart move or an economic risk? Let us know your opinion!