In the Rose Garden at the White House on Wednesday, US President Donald Trump emphasized the importance of his longstanding belief in tariffs while presenting a chart during an event named “Make America Wealthy Again.” Trump’s remarks came as he announced a new, significant round of tariffs, stating, “I’ve been talking about this for 40 years,” highlighting his deep-rooted conviction in the use of tariffs. According to Trump, tariffs are essential to addressing trade deficits and countering what he perceives as other countries taking advantage of the United States.
Following the announcement in the Rose Garden, the markets experienced a downturn, other nations vowed to retaliate, and members of Trump’s own political party expressed opposition to the tariffs. The plan aims to eliminate US trade deficits, prompting questions about the actual impact of these deficits.
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