Answer to Question #101615 in History for Kadra

Question

Are Trump's tariffs helpful to the US?

Answer 1

Although there is different feedback from economics on the effects of Trump’s tariffs on the American economy, it is evident that the tariffs are doing more harm than good to the country. For instance, the tariffs have facilitated retaliatory tariffs from China that have made automakers, agricultural industry, and consumer prices less competitive in the market. Although the tariffs have generated revenue for some firms as a result of protection from competition, they have also caused slowed economic activity. Rapid introduction of tariffs has presented increased uncertainty and additional risk in investment and hiring due to the lack of ability to anticipate the scope and costs of imports and exports.