Impact of President Trump's New Tariffs on U.S. Economy

SOURCE www.npr.org
Republican Sen. Ron Johnson expresses concerns about President Trump's new tariffs, acknowledging the high risks involved. Trump believes these tariffs will benefit U.S. manufacturers and level the global trading system. Johnson and NPR's Michel Martin discuss the impact of the new tariffs.

Key Points

  • Tariffs seen as a double-edged sword with uncertain outcomes
  • President Trump's long-held belief in tariffs and bold move to impose them
  • Mixed reactions from constituents supportive of Trump's goals but concerned about impacts

Pros

  • Potential to bring back vital manufacturing to the U.S. for national security
  • Addressing unfair trading practices and benefiting U.S. manufacturers

Cons

  • Risk of tit-for-tat trading war and higher prices for U.S. consumers
  • Concerns about the impact on businesses and cost of living for voters