The beneficiaries of Trump's tariffs are primarily¹ ²:

- *Domestic Industries*: Tariffs protect American industries from foreign competition, potentially preserving jobs in key sectors like manufacturing and construction materials. For instance, tariffs on steel products appear to have helped create several thousand jobs in the steel industry.

- *American Workers in Protected Industries*: Workers producing specific goods covered by tariffs, such as steel and washing machines, may benefit from increased demand and job creation. However, studies suggest that every job created in the washing machine industry came at a cost of $817,000 in higher prices paid by American consumers.

- *Government Revenue*: Tariffs generate significant revenue for the government, with estimates suggesting $1.5 trillion over the next decade from universal tariffs and $2.1 trillion from Trump's imposed tariffs. This revenue can be used to fund public programs or reduce other taxes.

- *Local Small Businesses*: By increasing the cost of imported goods, tariffs may encourage companies to produce locally, boosting supply chain resilience and contributing to national security. This could lead to increased competitiveness and job creation in key sectors.

However, it's essential to note that Trump's tariffs may also have negative consequences, such as³:

- *Higher Consumer Prices*: Tariffs can lead to increased prices for consumers, potentially offsetting any benefits from job creation in protected industries.

- *Job Losses in Industries Relying on Imports*: Industries that rely heavily on imported goods may experience job losses due to increased costs and reduced competitiveness.

#Trump's Tariff