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However, employing tariffs primarily for revenue is problematic because it risks raising consumer prices, disrupting supply chains, and provoking retaliatory measures. Moreover, the U.S. government’s overall tax revenue from tariffs remains a small fraction compared to income from corporate and individual taxes.

3. Strategic Investigation of Unfair Trade Practices

Trump’s administration initiated multiple investigations aimed at identifying and addressing what it perceives as unfair trade practices by other nations. On the very first day in office, he signed an executive order instructing agencies to examine foreign compliance in several areas, including intellectual property rights and regulatory barriers.

This approach leaves room for proactive measures: