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President Trump's announcement on tariffs has sparked debate over whether such measures represent a sound economic strategy, especially considering the United States' significant trade deficit. While some argue that tariffs could benefit the U.S. by reducing the trade imbalance, others caution against their potential adverse effects. Opponents view tariffs as a “lose-lose” situation that could stifle economic activity, disrupt supply chains, and risk creating stagflation—a concerning blend of stagnation and inflation.