President Trump’s Trade Strategy: Promises Made, Actions Pending
President Trump’s administration has actively pursued a strategy of using tariffs and trade negotiations to protect American businesses and workers. Throughout the year, a series of tariffs were proposed, some were enacted, and others remained under consideration as tools to reshape international trade relationships.
One key promise was the creation of an “External Revenue Service.” The goal was to collect tariffs and duties, ensuring foreign companies pay their fair share. While discussions occurred, this entity is not yet operational.
Another example is the proposed 200% tariff on European wines and spirits in response to EU tariffs on American whiskey. While the EU’s tariffs have been delayed, the President’s threat demonstrates a commitment to protecting American industries from unfair trade practices.
To bolster the American film industry, President Trump suggested a 100% tariff on foreign-made movies. While the specifics of this plan are still being developed, it reflects the administration’s intent to support domestic businesses.
Regarding pharmaceutical drugs, the President spoke of tariffs to encourage companies to build manufacturing plants in the United States. Some trade agreements have been reached to reduce drug prices, but other steps may be taken to bolster domestic production.
The idea of a 100% tariff on computer chips was floated to encourage domestic manufacturing. As with other proposals, further details will be needed, it underscores the administration’s commitment to bringing jobs back to America.
Finally, the promise of a “$2,000 tariff dividend” for Americans was introduced as a potential benefit of tariffs. How this dividend would be distributed is still being discussed, with possibilities including tax cuts.
These actions and proposals reflect a broader effort to use trade policy to strengthen the American economy and protect American workers. As these policies evolve, they will continue to be aimed at promoting fairness and prosperity for the nation.
