Part 3/9:
Promoting Domestic Manufacturing: The belief is that higher tariffs will make foreign goods more expensive, thus giving American companies a competitive advantage and incentivizing domestic manufacturing as it may become cheaper to produce goods in the United States.
Strategic Economic Policy: Some supporters argue that tariffs are a tactical move, a bargaining chip used to negotiate better trade deals. This perspective suggests that the ultimate goal of imposing tariffs is to navigate international economic relations rather than permanently alter the trade model.