Former U.S. 🇺🇲President Donald Trump stated that the tariffs introduced during his tenure significantly reduced the U.S. trade deficit, claiming it was cut by more than 50% and performed far better than expected. He said the measures strengthened the United States’ bargaining power, forced trading partners to renegotiate terms, and boosted domestic manufacturing.
Trump argued that tariffs were instrumental in reshaping global trade dynamics by limiting imports and motivating companies to move production back to the U.S. He added that the scale of the deficit reduction surpassed forecasts and claimed no other administration had delivered similar results.
Continuing to defend his trade policies, Trump described tariffs as an effective economic instrument to safeguard American industries, lessen dependence on overseas supply chains, and support U.S. workers. His remarks come as debate continues over the broader impact of tariffs, with proponents highlighting their strategic value and critics cautioning against increased consumer costs and retaliatory trade actions.