Donald Trump’s Tariff Plan Faces Backlash: Will It Strengthen or Hurt the US Economy?

Washington: Differences have started deepening within US President Donald Trump's own party regarding his tariff policy. During the voting in the Senate, four Republican lawmakers voted against Trump's proposal. This resolution, passed by a margin of 51-47, is an indication that Trump's economic policy is now losing support even within the party.

Which Republican leaders opposed?

Republicans Lisa Murkowski, Susan Collins, Rand Paul, and Mitch McConnell voted against Trump's policy. These leaders have already expressed disagreement about Trump's policies. He says that Trump's tariff policy can prove harmful for the American economy.

What is Trump's tariff plan?

Trump had claimed during his tenure that he had threatened to impose heavy tariffs on countries like India and Pakistan, which reduced tension between the two countries. He had said that the threat of imposing import duties of up to 200 percent helped prevent a possible war. But now this policy is raising questions on American business interests.

What is the real reason for the protest?

Many Republican leaders believe that higher tariffs would hurt both America's industries and consumers. They argue that this will affect foreign trade, increase inflation, and affect America's global credibility.

What will happen next?

This proposal has been passed in the Senate, but it will now be introduced in the House of Representatives. Republicans are in the majority here, and some MPs have already opposed this move of Trump. In such a situation, it is considered difficult to move ahead with this scheme at present.

Given America's current economic situation, the growing opposition to Trump's tariff policy has become a matter of concern within the party. Many experts say that if Trump comes to power again and implements this policy, it may increase instability in international trade relations. This may have a negative impact on America's relations, especially with China, India, and European countries. Trading partners have already warned that if Trump sticks to his proposal, they too will be forced to impose retaliatory tariffs.

Will Trump's tariff policy really strengthen America's economy?

On the other hand, Trump's supporters are calling it a step towards America's “economic self-reliance.” He believes that higher tariffs will boost American industries and reduce dependence on foreign products. Although economists say that this step may provide short-term benefits, in the long run it may prove to be a costly deal for American consumers, as it will increase the prices of everyday items and will also affect employment.