💨 Abstract

President Donald Trump has successfully increased tariffs on major U.S. trading partners, with the world acclaiming these agreements as victories. These high tariffs, imposed during a period of high inflation, have been Trump's boldest economic move. Despite economic experts' criticism, Trump's strategy has prompted global markets to rally. By setting high tariff expectations, even smaller increases seem like victories. For instance, a recent U.S.-Japan

Courtesy: WTOP Staff