Trump's Tariff Strategy: The Return of Jobs and the Challenges for the Economy

Donald Trump remains committed to his economic and social vision as the 2024 elections draw closer. His latest initiative to impose tariffs aims to bring jobs back to the USA. The core of this plan is to levy high tariffs ranging from 10% to 20% on all trade partners and 60% or more on China, to reduce dependency on imports. However, critics warn of the potential consequences: such an approach could trigger global trade wars and drive up prices for everyday consumer goods like food and gasoline, ultimately posing an additional burden on American consumers. Investment bank UBS expresses concerns that a universal tariff of 10% could lead to a 10% decline in the stock market, while significant US companies like General Motors and Ford could suffer losses in their 2015 profit levels. Higher consumer prices could dampen spending, slow economic growth, and cause stock prices to fall. At the same time, the Coalition for a Prosperous America predicts that successful implementation of the plan could create millions of jobs, boosting American manufacturing. By reducing consumption of foreign goods, local industries could be strengthened. Trump describes this approach as a way to revive abandoned factories and promote employment in the USA, particularly in areas that have been outsourced overseas for decades.