The topic of tariffs has been brought up again by former President Donald Trump, who strongly supports them despite warnings from mainstream economists.
In a recent interview with Bloomberg News Editor-in-Chief John Micklethwait at the Economic Club of Chicago, Trump received a positive response from Midwest business leaders, indicating a difference in opinion on the issue.
The conversation highlighted the potential short-term economic benefits of an "America First" approach, which could benefit certain sectors of the U.S. economy. However, experts caution that such policies may ultimately harm global trade relationships and weaken the United States' position on the world stage.
The ongoing debate reflects a significant divide in perspectives on trade policy among American businesses and economists.