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Trying to stay away from politics, but a few of the rationals were as follow:
- Higher tariffs will prompt businesses abroad, to establish a presence in the US ==> no tariff, reduces the prices of those goods, more jobs for American workers
- Higher tariffs may prompt the reconsideration of those countries, to buy more American products and good ==> more production, lower prices for Americans as well as more jobs.
- The stock market, which doesn't give 2 hoots about politics, have reacted to his policies by climbing up, instead of the pessimistic approach, that these measures will hurt our economy.
You saw his announcement yesterday of the new AI businesses that are going to be established here in the US.
Just a few observations, from a non business savvy citizen, but time will tell...
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