TRUMP ON TARIFFS & U.S. TRADE DEFICIT

Former U.S. President Donald Trump claims tariffs imposed during his administration cut the U.S. trade deficit by more than 50%, far exceeding expectations.

He argues tariffs: • Strengthened U.S. negotiating power

• Pressured trading partners to revise trade terms

• Encouraged companies to shift manufacturing back to the U.S.

• Reduced reliance on foreign supply chains

Trump continues to defend tariffs as a strategic economic tool to protect domestic industries and American workers, despite ongoing debate over higher costs and potential retaliation.

Markets remain divided on the long-term economic impact of tariff-driven trade policy.

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