Will Trump really try to achieve with his tariff plan and work?

• Explanator: President Trump opened one of the most aggressive tariff days On the deadline, 10% of the quilt among all other nations after the announcement of significant increase on China, India and EU’s Likes. President Trump’s brushes were shaken, his approach is nothing new.

President Donald Trump says he wants to delete the playground Tariff agenda Announced this week. While Economic sanctions You can go on a way to achieve their goals, experts are afraid that the aggressive foreign policy can beolated the largest economy on the planet.

This week, the White House has collapsed the long-term books for decades with the nearest trade partners. For example, for example, China will expose 20% of tariffs when faced with 54% aggregate increase.

When President Trump said, when he says “all the countries”, he was subjected to the Day of Liberty. Nations not a certain tariff face immediately, blanket pipe.

Following the rose garden of foreign leaders began to form their answers. Some, like the Turkish Prime Minister Sir Keir Starmer, while the talks continue, President of the European Commission Ursula Von Der Leien said they would keep “cool heads” if the president does not promise Ursula and ongoing revenge.

The last question remains: Will President Pay Trump’s Protectionist Agenda? Will America be able to do the rich again with the price of burning bridges?

Or will it fall into violation of traps found by their predecessors?

What is Trump’s purpose?

Treasury Secretary Scott Bessent put it in it Confirmation hearings Goals of President Trump’s Tariff Plan.

Some directly related to America’s people and enterprisesExample, creating and protecting US works, make domestic products more competitive and increase income and increase income for funding for families and enterprises.

Other targets related to the development of America’s global stage, for example, in addition to the National Security needs, especially when it comes to national security needs, as well as the use of economic sanctions to develop security interests,

Of course, the first raft of the tariffs declared the President Trump that the Tools was used as: tools were used as the means discussed in an argument on immigration and Fentanyl

Professor of Colombia Brett House The White House claims that the movement of Trump resulting in the implementation of individual and quilt tariffs is another reason. Said Fortune: “The President loves to create a situation related to the coming and deals with them.

“This is the essence of this type of power to ensure that it is very difficult to create people with a bully and the autocratic to divide people and combine alone and negotiate.”

To break the tariff code

Other economists share a different picture, distributing the methodology of the white house, distributing the total goods imported and distributed by the two and distributing goods by the deficit of the goods and sharing it.

“(Tariffs) consists primarily from the rest of the world or (America), or to eliminate the extreme dependence of what the world and other countries are dependent,” he said Joao GomesResearch Dean of the University of Wharton Business School of Pennsylvania.

“The elimination of trade deficiency is the most important thing when you look at the figures, and how they are competing, it is clear that they want to eliminate trade balances. It is not like a unacceptable weakness. This does not sell nationalism.

“This is really about fundamental economic principles and I can agree with them, but at least I understand what they want to do now and think that it helps to predict.”

Is there anything like that before?

For economists, they had to dust the history books to compare the white house away from a similar policy and turn pages from a century.

In 1930 As the world sank to the great depressPresident Hoover, American businesses and farmers have signed a Smoot-Hawley Tariff Law to protect farmers from the cheaper agricultural products brought from abroad.

Prior to Smoot-Hawley, the average import tariff is about 35.7%, Douglas IRWIN calculations, according to the Economics at Dartmouth University. In the same way, the Fordney McCumber Tariff Act caused rising tariffs between 21% from 38.8% in 1922.

For comparison, 10% Trump appears in the United Kingdom, for example, 20% placed in the EU is relatively more restrained.

However, the economy acted over 100 years since the last major tariff changesGlobalization continued to land Since then and the US economy is closer to the health of its partners.

As with Dartmouth’s Points, it imported as a percentage of GDP in 1930 and 1922 represented 1.4% and 1.3% respectively. Tariffs announced before April 2, 2025 were imported in 5% of American GDP in 5% of America’s GDP.

Thus, the higher ratio of rivals than the opponent is higher and higher than potential recipes, can have a more painful pill more than in the past.

President Trump itself used as a justification for tariff actions in Smoot-Hawley, Wharton Gomes said Fortune Two samples are extracted so far, “ridiculous comparison”.

The simplest level explained: “I would say) (1930s) was a recession that would begin

Transatlantic samples

Tariffs can be plugged in meaning in terms of conversation and in terms of speaking.

Cambridge University Macroeconomics Prof. Michael Kitson In 1932, he admitted that he was a minority of the Britain’s overall tariff, in 1932, he could have brought a little bons to the economy in 1932, for example, in 1932-1937, he pointed to the increase in production.

However, the 10% of Britain’s task was a fake from the sweeper changes by President Trump, and Kitson does not present the conditions that allow us to benefit the British economy in 2025.

This “unique situation” includes high unemployment rates (US unemployment rate is currently a Fixed 4.1%), not imported for free import such as tariffs, raw materials and food (president of the increase in 25% of aluminum and steel) and the exchange rate has not been allowed to assess the levels prepared by tariffs.

And most importantly, other countries did not have much potential to retaliate (eg, it can now make a payment for the export of American service to export to American service).

“Most of these conditions are now not related to the United States,” Kitson said FortuneAt the same time, these conditions are not fulfilled, there are united factors that are further moving the US economy than the success of tariff.

“Now that we have, than in the 1930s, more complex supply chains, more complex and more effective, more complicated and more effective.

Is there any dignity in the theory of hard reset?

S & P 500 Tanking, the 5% courtesy of Trump’s Tariff Advertisement, the opposite of what the first analyst was waiting for the first oval office.

President Trump’s intention has slowed down the economy to reduce inflation, low interest rates and weaken the dollar, and have led to assumptions that there is a “hard reset” intention to weaken the dollar.

At first, many analytical theory fired as an assassination. Kevin Ford, FX and Macro Strategy, FX and Macro Strategies, “I started to see at least partially see the ideas, especially the Trump and its closet change to the debt market.

“In three parts of the last four provinces of the union, the strong performance drew attention to the caterpillar exchange. But he said, but in his team, and his team, on the contrary, he said,” he put Trump, “he said.

Ford added that under the Trump, as a monthly market or a sharp economic recession to defing the golden age or a sharp economic decline seems to be defending their rhetoric.

Of course, a J-Cords Economic Trainer (a little dip) will serve to cool the flawless activity (a dramatic profit), “Their policy of balancing may not even gamble, especially in other countries, especially in immigration and revenge measures.

“This is a great question mark, but over time, the idea of ​​engineering is not looking so far in the economic change in the economic change of the J-Curve.”

Forgotten service sector

There are many eyes on the rear and forwards on the tariffs: This motivation for movement is based on the cuts of the goods without ignoring the giant service sector of America two-thirds of the nation’s economic activity.

Actually the White House Fact sheet The approval of tariffs, once not recorded the service sector and despite this The world’s largest services exporter.

Inability to affect the sector of the impact of these tariffs, Ebehi said to the JooHarvard Business School Business Administration Prof.

Jooha is due to the release of a paper Impact of tariffs to SMEs Business network with a business network before April 2, businesses with businesses. The respondents were not aware of the tariffs for the Likes of China, Canada and Mexico, probably understood the founders and entrepreneurs without a big team behind them.

However, the IYOHA said the impact of foreign policy on the field of service sector Fortune: “Some companies in our sample are companies in the tourism sector. If we think about the low impact of these tariffs on the desire of people, for example, do we balance these small enterprises to operate?

“The rhetoric of the trade policy was in large number of focus, but do not think:” How do US benefit from global trade facilities (small enterprises) benefit from global trade integration. “There’s something I’m constantly missing in the conversation.”

This story was first displayed Fortune.com

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