Trump wants the tariffs to reduce the trade deficit, and the trade deficit means the US spends more on imports than it gets from exports. Working tariffs would have reduced imports enough to bring them below exports.
Mind you, Trump has put tariffs on things there aren’t domestic replacements for, and he’s pissed off other countries enough that exports have probably gone down.
Trump wants the tariffs to reduce the trade deficit, and the trade deficit means the US spends more on imports than it gets from exports. Working tariffs would have reduced imports enough to bring them below exports.
Mind you, Trump has put tariffs on things there aren’t domestic replacements for, and he’s pissed off other countries enough that exports have probably gone down.
Okay so “effective in reducing the trade deficit” without any consideration of whether that is a worthy goal. Thanks.
Also, he has encouraged people in foreign countries to buy from anyone except the US, reducing US exports.