Impact of tariffs on the United States economy

SOURCE www.breitbart.com
President Donald Trump believes that tariffs will make the United States rich, despite concerns about potential price increases and supply shortages.

Key Points

  • Trump believes tariffs will make the US rich
  • Claims trade deficit with China is unsustainable
  • Suggests Americans can live with fewer imported goods

Pros

  • Tariffs could potentially reduce trade deficits with China
  • Could lead to increased domestic production

Cons

  • Potential for price increases on consumer goods
  • Risk of supply shortages