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Trump’s Trade Warriors

by Dr. Hardy Ostry, Jan Bösche

Trade Experts Share Common Goals, Diverge on Methods

New and higher tariffs were a key campaign promise of Donald Trump. The president aims to eliminate perceived injustices and trade deficits while increasing government revenue. However, he has delayed their introduction for the time being. We analyze the advisors influencing Trump's trade policy and their impact.
January 29, 2025 Order details

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“Tariffs” is one of the most beautiful words, Donald Trump stated during the election campaign. For him, levies on imports into the USA are a solution to many problems: he aims to use them to reduce trade deficits, generate additional revenue to lower income taxes, boost domestic production, and generally put pressure on other countries—even when trade issues are not involved. For example, he threatened Mexico and Canada with higher tariffs if they did not stop the influx of immigrants and drugs into the USA.
 
The full-length publication is only available in German.

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Dr. Hardy Ostry

Dr. Hardy Ostry

Head of the Washington, D.C. office

hardy.ostry@kas.de

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The Konrad-Adenauer-Stiftung is a political foundation. Our offices abroad are in charge of over 200 projects in more than 120 countries. The country reports offer current analyses, exclusive evaluations, background information and forecasts - provided by our international staff.