So Trump has backtracked and lowered tariffs on essential groceries like coffee, beef, bananas, and a few others. Honestly, this tariff approach is getting out of hand. It makes you wonder if he's doing this more to make a political point instead of focusing on the economy. I'm curious if these tariff cuts could actually slow down the economy, especially if he keeps these lower rates on those grocery staples.
Yeah its more like that since if you look at the landscape of what Trump did its like he want to control the global trade and want country leader to come then negotiate with US.
They always want to take advantage on the situation because they know de-dollarization is slowly happening that's why US under Trump do an action to slow down this situation.
I'm curious to know what will happen to Trump after his term ends since there's legal challenges happened due to that harsh tariff he impose to lots of countries.
I think his idea is still about the interest for good live for the American people and people living there. If he is cutting down on agricultural products and increasing manufacturing materials for other countries, he wants the attraction to be on the American economy. If people are not able to get cheaper cars elsewhere, they are not able to get other capital intensive products elsewhere then they will look in the direction of America but unfortunately, things don't easily work that way. They are just calculations that are temporal and not sustainable.
It's probably a mix of both. The original tariffs raised costs all the way through the supply chain, and grocery prices were already inflated. Removing tariffs on food items doesn't necessarily fix everything, but it does reduce some pressure. Politically, though, no administration wants to be blamed for high grocery bills.
The tariff was ill-planned and the consequences were felt by the citizens. Trump is reconsidering the tariff because of Republicans' big losses in New Jersey, Pennsylvania, Georgia and Virginia midterm elections. I guess Republicans have begun to pressure him to change his policies because it might affect them in future elections.
Expect more tariff exemptions because the US is under an affordability crisis.
We can never truly know what President Trump really wants. At a glance, I see that Trump likes to create sensations by changing policies according to his political tastes. Trump appears to want to be seen as a hero by all Americans, one day he raises tariffs, and the next day he cuts them. There are always political motives mixed with economic considerations behind every decision he makes, but it is clear that his reason for reducing tariffs on several household staples is the growing criticism directed at him.
Talking about Trump's tariff policy in Padang from a political perspective is one of the strongest tricks because behind Trump's tariff policy he has succeeded in realizing his political speech, his promise is directed to a positive realm, However, some economists view Trump's tariff policy as likely to have a serious impact on the global economy.
One of the negative impacts of tariff policy is price increases and inflation, causing job losses and also affecting the supply chain for industry. For this reason, positive political motivation has a negative impact, as I said above, trade and economic growth globally is bad and has a negative impact on various sectors.