What Is The Rationale Behind Current U.S. Tariff Policy?

Austrian Economics • May 26, 2025 at 2:12 PM EDT

The Trump administration has pursued a high tariff policy, reversing the movement to lower trade barriers around the world.

several cargo containers

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The Trump administration has pursued a high tariff policy, reversing the movement to lower trade barriers around the world. The justification for this policy is the presence of trade deficits with other nations. However, what if US trade deficits don’t matter?

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