$BNB Donald Trump has proposed a 10% universal tariff on all U.S. imports if re-elected in 2024, aiming to boost domestic manufacturing and reduce reliance on foreign goods. Critics argue it risks higher consumer prices, trade wars, and inflation. Trump has also suggested a 60% tariff on Chinese imports, citing unfair trade practices. Supporters believe tariffs could protect American jobs and industries. However, economists warn it may hurt global supply chains, provoke retaliation, and slow economic growth. The policy marks a continuation of Trump’s “America First” agenda, emphasizing economic nationalism and protectionism over free trade principles embraced by past administrations.
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