President Donald Trump has intensified trade policies in his second term, imposing broad tariffs to reduce the U.S. trade deficit, according to Bloomberg.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Donald Trump has intensified trade policies in his second term,
00:05posing broad tariffs to reduce the U.S. trade deficit.
00:08According to Bloomberg, trade deficit reached over one trillion dollars in 2024,
00:13and the tariffs target key trading partners, industries and materials.
00:17Trump has threatened Mexico and Canada with auto tariffs despite many vehicles
00:20containing U.S. made parts and being produced in American owned factories.
00:25Many imports involve U.S. intellectual property
00:27or production links shipped to other countries, complicating trade dynamics.
00:32For all things money, visit Benzinga.com slash GSTV.