Us Media Says Trump Tariff Policy Threatens Economic Stability Around World Step Taken for Political Cain – Amar Ujala Hindi News Live – US: Trump’s tariff policy threatens the worldwide economic stability; US media said

The New York Times even wrote that Trump’s policy is affecting American farmers, consumers and manufacturing companies, while the Washington Post called it a return to centuries -old conservationist thinking. Describing this as a result of Trump’s narrow nationalist thinking, the newspaper wrote that this policy promotes conflict rather than global cooperation and weakens the trust of investors and companies by spreading uncertainty in business. The newspaper explained with the data that how this policy did not cause any concrete decrease in America’s trade deficit, but increased pressure on domestic inflation and industries. The CNN described it as a direct trade war and described Trump’s decisions as a step taken for immediate political gains. Because of this, not only did relations with many important countries of the world deteriorated, but it also weakened the credibility of America’s global leadership. These institutions believe that Trump’s tariff policy was based on emotional nationalism, but economically it is harmful to the long -term interests of America.

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Tariff changes in war like this

In the opinion of economists, tariffs are often imposed to balance business, protect domestic industries or create strategic pressure. But when a country repeatedly imposes heavy duty on its partners and in response, this tariff becomes a war.

The basic structure of global trade will be broken

Nobel Winner and The New York Times columnist Paul Krugman described Trump’s tariff policy based on economic confusion and said that it is an attempt to break the basic structure of global trade. Trade deficit is not harmful in itself and trying to reduce it by putting tariffs can give birth to both recession and inflation.

Another Nobel Prize winner and Professor Joseph Steiglitz of Columbia University described Trump’s policy as a move to take the world back. He said that global trade is based on cooperation and unilateral decisions such as tariff weaken the credibility of the World Trade Organization. The biggest loss of tariff war is to bear the developing countries and the global supply chain, which is eventually harmful to all.

Former US Finance Secretary and eminent economist Lawrence Summers of Harvard University termed Trump’s tariff policy as tax on the economy (Tax on the economy). He warned that this causes double losses to American consumers and businessmen. Cost increases on one side and tension arises in international relations on the other side. In the opinion of these economists, Trump’s tariff policy is not a solution to internal economic problems, but it makes America’s global leadership weak and economic system unstable.

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Use of tariff policy due to concern for trade deficit

According to the US Trade Representative Office, the total import of the US in 2024 was around $ 3.2 trillion ($ 3,200 billion) and exports around $ 2.1 trillion ($ 2,100 billion). That is, America’s trade deficit is around $ 1,100 billion. This trade deficit has been a matter of concern for the US over the years, especially with countries such as China and Mexico, from which the US imports the most. This is the reason why the US is using its tariff policy as a strategic tool so that it can control imports and promote domestic production and exports.