Trump's tariffs: goals, effects, and implications
DOI:
https://doi.org/10.34140/bjbv7n3-006Palavras-chave:
tariffs, Donald Trump, United States of America, people's republic of ChinaResumo
This study aims to examine the tariffs imposed by Donald Trump, which he described as reciprocal tariffs designed to reduce the large and persistent trade deficit in the United States and to increase and protect American industries.
The study concluded that Trump imposed a 10% tariff on every country with which the United States faced a bilateral trade deficit of 20% or less of the import volume. For other countries, a reduction rate of 50% was applied to the trade deficit percentage of the bilateral trade balance on import volumes. Consequently, Trump's tariffs are deemed unfair and unscientific, warranting either their cancellation or reciprocal treatment by other countries towards the United States.
Referências
Census Bureau. (2025). International Trade Definitions. Retrieved April 10, 2025, from Census Bureau: https://www.census.gov/foreign-trade/reference/definitions/index.html#T
Census Bureau. (2025). Trade in Goods with China. Retrieved April 10, 2025, from Census Bureau: https://www.census.gov/foreign-trade/balance/c5700.html#2024
TRUMP, D. (2025, April 8). AMENDMENT TO RECIPROCAL TARIFFS AND UPDATED DUTIES AS APPLIED TO LOW-VALUE IMPORTS FROM THE PEOPLE’S REPUBLIC OF CHINA. Retrieved April 10, 2025, from THE WHITE HOUSE: https://www.whitehouse.gov/presidential-actions/2025/04/amendment-to-recipricol-tariffs-and-updated-duties-as-applied-to-low-value-imports-from-the-peoples-republic-of-china/
TRUMP, D. (2025, April 09). MODIFYING RECIPROCAL TARIFF RATES TO REFLECT TRADING PARTNER RETALIATION AND ALIGNMENT. Retrieved April 9, 2025, from THE WHITE HOUSE: https://www.whitehouse.gov/presidential-actions/2025/04/modifying-reciprocal-tariff-rates-to-reflect-trading-partner-retaliation-and-alignment/
TRUMP, D. (2025, April 2). Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits. Retrieved April 5, 2025, from THE WHITE HOUSE: https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/
USTR. (2025). Reciprocal Tariff Calculations. Retrieved April 5, 2025, from Office of the United States Trade Representative: https://ustr.gov/issue-areas/reciprocal-tariff-calculations
USTR. (2025). Reciprocal Tariff Calculations. Retrieved April 6, 2025, from The Office of the United States Trade Representative: https://ustr.gov/issue-areas/reciprocal-tariff-calculations
WTO. (2025). Glossary. Retrieved April 5, 2025, from The World Trade Organization: https://www.wto.org/english/thewto_e/glossary_e/glossary_e.htm
