Rebuilding American Industry: A Historical and Economic Analysis

Trump's tariffs aim to rebalance global trade, protect American innovation, and address economic imbalances in Europe.

Introduction

Donald Trump won the election with a promise to rebuild American industry, which has seen many of its shipyards and factories move to China over the past few decades. This shift often occurred without China paying for the intellectual capital development, meaning they copied and exploited American technology and innovations without compensation. The tariffs imposed by the Trump administration can be seen as a way to charge for this knowledge transfer and restore balance in trade relations.