President Donald Trump’s stance on tariffs and trade deficits is under scrutiny from economists, who argue that his views are misinformed. Despite his claims, research suggests that tariffs do not reduce trade deficits, but rather increase them. Data from around the globe supports this claim, showing that countries with higher tariffs often experience larger trade deficits. This contradicts Trump’s assertion that tariffs can lower a nation’s trade deficit by reducing imports from abroad.
Source: https://www.bloomberg.com/opinion/articles/2025-03-06/the-case-against-tariffs-is-getting-stronger