Former U.S. Secretary of Commerce: Trump’s tariffs are likely to remain in place after his term ends
Jinse Finance reported that former U.S. Secretary of Commerce Gina Raimondo stated that the tariffs implemented by Trump are likely to remain in place after his term ends, as politicians are concerned that removing these protectionist barriers would offend workers worried about jobs being outsourced and 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 the president accused of letting down American workers. Tariffs protect American workers, and I believe this has become even more politicized in the context of artificial intelligence development." Goldman Sachs President Waldron agreed with this view, adding that the labor environment next year is expected to be even more complex, which will only further intensify this political sensitivity. (Golden Ten Data)
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