Part 4/7:
Economists in Trump's circle have articulated that these tariffs are not merely tools for revenue but are also strategic instruments for negotiations regarding unfair trade practices. Treasury Secretary Scott Bessent’s commentary emphasizes a historical context in which other nations have benefitted from the United States' openness, setting the stage for a shift towards a more protective economic stance. The administration's removal of loopholes for cheap imports further illustrates a dogged intent to hold trading partners accountable.