Part 1/7:
Understanding Trump's Tariffs: A Diplomatic Tool Rather Than Economic Protectionism
In recent years, the discussion around tariffs has reached a fever pitch, particularly during Donald Trump's presidency. Traditionally viewed as a government policy designed to protect struggling domestic industries, tariffs have faced criticism from economists who warn that they result in higher prices for consumers while shielding inefficient industries from competition. However, as Victor Davis Hansen articulates, the nature of Trump’s approach to tariffs may not align with conventional definitions and practices.