Former U.S. Commerce Secretary: Trump's tariffs are likely to persist after his term ends.

Odaily Planet Daily reported that former U.S. Commerce Secretary Raimondo stated that the tariff policies implemented by Trump are likely to continue after his term ends, as lawmakers are concerned that removing these protectionist barriers could alienate workers worried about job outsourcing and being replaced by artificial intelligence. Raimondo said that regardless of which party is in power in the future, the political cost of removing tariffs is too high. "Once tariffs are imposed, they are very difficult to remove. No one wants to be blamed for failing American workers. Tariffs protect American workers, and I believe that in the context of the development of artificial intelligence, this issue has become even more politicized." Goldman Sachs President Waldron agrees with this view and added that the labor environment next year is expected to be more complex, which will only further exacerbate this political sensitivity. ( Jinshi )
Hide