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The administration's assertion is that such tariffs are not merely short-term measures but critical steps to establish a competitive U.S. market while addressing long-standing grievances related to unfair trade practices, including currency manipulation and unfair subsidies.
Long-Term Economic Outlook: A Focus on Growth
White House advisor Peter Navarro has taken an optimistic view, predicting that the market will rebound as the administration's policies take root. He suggested that the Dow could hit 50,000 by the end of Trump's current term, arguing that the market will undergo a broad recovery driven by increased domestic manufacturing.