Politics Magazine

Trump's Tariffs Have Been A Huge Failure

Posted on the 08 December 2018 by Jobsanger
Trump's Tariffs Have Been A Huge Failure
Trump's reason for imposing tariffs on some other countries was because of the trade deficit. He thought he could force those countries to balance the trade between them and the U.S. (by importing more and exporting less). But Trump's move to impose tariffs has been a spectacular failure.
The trade deficit has not gone down. It continues to rise. The only thing Trump has accomplished with his tariffs is to impose a hidden tax on American consumers.
(The chart above was found at The People's View.)

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