Trump Promises Tariffs on Products Made Outside the U.S.

SOURCE www.breitbart.com
President Trump promises tariffs on products made outside the U.S. during a virtual speech at the World Economic Forum in Switzerland, encouraging businesses to manufacture in America and detailing plans to cut taxes and impose tariffs.

Key Points

  • Tariffs on products made outside the U.S.
  • Encouraging businesses to manufacture in America
  • Cutting taxes and imposing tariffs
  • Establishing the External Revenue Service (ERS)
  • Announcement of investments in AI infrastructure in the U.S.

Pros

  • Incentivizing investment in America
  • Creating jobs and boosting the economy

Cons

  • Possibility of trade wars with other countries
  • Increased costs for businesses that rely on imports