Recent analysis suggests that Donald Trump’s current tariffs represent a recurrence of economic nationalism prevalent in the 1930s. The administration has implemented tariffs on goods imported from various countries, aiming to protect domestic industries. Economists note that these policies, previously viewed as a strategic tool, may be contributing to trade disruptions and potentially hindering global economic growth. The motivations are often attributed to a desire to bolster domestic manufacturing and influence trade policy. The long-term effects of these tariffs remain to be fully assessed.
Credits: Finance & economics
