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Here's why Trump thinks tariffs are good for the U.S. and what the experts say

The article from CBS News discusses former President Donald Trump's recent comments on Truth Social regarding his plans to impose tariffs if he were to return to office. Trump proposed a "universal baseline tariff" on most imported goods, with higher tariffs on countries that impose tariffs on U.S. products. He specifically mentioned reimposing tariffs on China, which he claims brought in billions in revenue, and suggested a 10% tariff on all imports, with exceptions for certain countries like Mexico and Canada, depending on their trade practices. Trump's statements come in the context of his ongoing criticism of current trade policies and his promise to address trade imbalances, particularly with China, by using tariffs as a tool to protect American industries and workers. However, his approach has sparked debate over its potential impact on global trade relations and domestic prices.

Read the Full CBS News Article at [ https://www.cbsnews.com/news/trump-tariffs-mexico-canada-china-truth-social/ ]