Donald Trump has intensified his tariff-based trade agenda, shifting focus from China to U.S. allies. Speaking in Georgia, Trump promised to create a "manufacturing renaissance" by targeting foreign manufacturing jobs, seeking to attract companies like German automakers to the U.S. He also hinted at imposing new tariffs on allies, up to 20%, as part of his "America First" policy. Trump's past actions, including billions in duties on Chinese imports, signaled his aim to challenge perceived trade imbalances. Experts warn that such policies could lead to retaliation from U.S. trade partners, potentially harming global supply chains.
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00:00It's Benzinga, and here's what's on the block.
00:02Donald Trump has intensified his tariff-based trade agenda, shifting focus from China to
00:07U.S. allies.
00:08Speaking in Georgia, Trump promised to create a manufacturing renaissance by targeting foreign
00:13manufacturing jobs, seeking to attract companies like German automakers to the U.S.
00:18He also hinted at imposing new tariffs on allies, up to 20 percent as part of his America-first
00:23policy.
00:24Trump's past actions, including billions in duties on Chinese imports, signaled his
00:29aim to challenge perceived trade imbalances.
00:32Experts warn that such policies could lead to retaliation from U.S. trade partners potentially
00:37harming global supply chains.
00:38For all things money, visit Benzinga.com.