
President-elect of the United States Donald Trump even before the election has promised to raise tariffs on imports. As His inauguration discussions on this issue are becoming more heated, as uncertainty grows about how high tariffs will be and to which goods they will apply. But Trump is using tariffs not only to achieve economic objectives, but as a tool in the negotiation. For example, speaking of the intention to get Greenland, he suggested using high tariffs to convince Denmark.China also restricted exports from the U.S. by about 100 billion dollars. In January 2020 year, a few days before the end of Trump’s presidency, the parties agreed to stop further raises, but
the existing tariffs remain in power. A State Bureau of Economic Research US has concluded, that the most economic impact of tariffs has been experienced by the consumers in the US, as prices increased, and real
incomefellintheUS,andChina.