Analyst: Trump's tariff plan has fundamental contradictions

According to a report by Golden Finance, market analyst Allison Morrow stated that for Trump, who promised to lower consumer prices on the first day of the campaign, his first major economic move was a set of policies that were almost guaranteed to have the opposite effect. Tariffs will increase prices, suppress economic growth, and make the United States more likely to fall into recession. Critics of tariffs worry about the fundamental contradiction of Trump's plan. He believes that tariffs are a universal economic tool that can restore the strength of the United States' manufacturing industry, restore the trade balance, and bring a lot of funds, thus helping the United States to repay the deficit and reduce the tax burden of Americans. Although tariffs can achieve some of these goals, it is impossible to achieve them simultaneously.