WASHINGTON D.C. – Former President Donald Trump has asserted that the tariffs imposed during his administration are making the United States “great and rich again.” Speaking at a public event, he reiterated that his trade policies—including duties on imports from China, India, and Russia—have bolstered domestic industries, protected jobs, and increased federal revenue.
Trump praised the economic impact of the tariffs, crediting them with revitalising manufacturing, reducing trade deficits, and encouraging companies to bring production back to American soil. He claimed the measures have generated billions in tariff income, helping strengthen the nation’s fiscal position.
In response to critics who warn tariffs could stifle growth and raise consumer costs, Trump dismissed those concerns, calling them outdated economic theories. He argued that protectionist policies level the playing field against competitors benefiting from unfair trade practices and lower labour costs.
The ex-president also linked his proposed tariff expansion to broader geopolitical strategies, suggesting that such measures could pressure nations like Russia and India over sensitive issues such as energy alliances and foreign policy alignment.
Economists, however, remain sceptical. Many warn that sustained tariffs risk disrupting global supply chains, fueling inflation on essential goods, and inviting retaliatory trade measures. They caution that long-term benefits remain uncertain amid complex market dynamics.
This story has been reported by PakTribune. All rights reserved.