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Are Tariffs Inevitable?


Published on 2024-12-16 09:21:03 - The New York Times
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  • World leaders and C.E.O.s are struggling to convince President-elect Donald Trump to shift his position on imposing new levies against America's trade partners and its rivals.

The article from The New York Times, published on December 16, 2024, discusses the potential inevitability of former President Donald Trump implementing new tariffs if he were to return to office. It highlights how Trump's previous term saw the introduction of significant tariffs on imports, particularly from China, as part of his "America First" economic policy. The piece explores the economic implications of such policies, including the potential for increased costs for consumers, retaliatory measures from trade partners, and disruptions in global supply chains. It also notes that while some industries might benefit from protectionism, the broader economic consensus suggests that tariffs could lead to higher prices and economic inefficiencies. The article includes perspectives from economists, business leaders, and political analysts, who debate the effectiveness and consequences of Trump's tariff strategy, with some arguing that these measures could be used as leverage in negotiations, while others warn of the risks of a trade war.

Read the Full The New York Times Article at:
[ https://www.nytimes.com/2024/12/16/business/dealbook/trump-tariffs-inevitable.html ]