🇺🇸📈 #TrumpTariffs : between protectionism and geopolitical strategy

During the second term of the Trump administration, tariffs returned to the center stage of the global economy. With the declared aim of protecting American industry, reducing the trade deficit, and strengthening the negotiating leverage of the United States, the White House implemented a new wave of tariffs on goods from China, Mexico, Canada, and other strategic partners.

🔍 Three main uses of TrumpTariffs:

- Negotiation tool: tariffs are used to exert pressure during trade negotiations, as in the case of the "Phase One" agreement with China.

- Punitive measure: they are imposed to "sanction" behaviors deemed hostile, even outside the trade context.

- Macroeconomic leverage: they serve to incentivize domestic production and reduce dependence on imports.

⚖️ Legal context: Trump invoked laws such as the International Emergency Economic Powers Act (IEEPA) and Section 301 of the Trade Act of 1974 to justify the imposition of tariffs, in some cases in an unprecedented manner.

🌍 Global impact: while on one hand these measures have strengthened some U.S. industrial sectors, on the other hand, they have triggered trade tensions and increased costs for consumers and businesses.