Trump’s New Tariffs Criticized for Over-Simplifying Trade Deficit Solutions, Say Experts

About Trump’s New Tariffs Criticized for Over-Simplifying Trade Deficit Solutions, Say Experts

The U.S. has imposed new tariffs on over 200 countries, focusing on the imbalance in goods trade with each nation, according to The Wall Street Journal. Over half of the countries face a 10% reciprocal tariff, while others have tariffs based on the 2024 U.S. goods-trade deficit with each nation. President Trump has called for a reduction in trade barriers and a significant increase in U.S. exports.

Duration

45 sec

Released

2025