Part 5/8:
For decades, the U.S. has run trade deficits, with the last trade surplus recorded back in 1975. This persistent imbalance has largely gone unaddressed by past administrations, leading to the gradual de-industrialization of the country. The narrative that tariffs ruin economies is questioned when looking at countries flourishing in the face of high tariffs. If other nations find strategic value in protective tariffs, it could suggest the need for a paradigm shift in how tariffs are viewed and employed.