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Tom Moran: What’s really driving Trump’s tariff wars? (Hint: It’s not the trade deficit.)

Summary by Michigan Live
When Donald Trump swore his oath in January, he promised to impose stiff tariffs to end the giant trade deficit he blames for poisoning our economy and hollowing out the heartland. And in six months, the average rate has jumped from about 2 percent to 18 percent.

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Tom Moran: What’s really driving Trump’s tariff wars? (Hint: It’s not the trade deficit.)

When Donald Trump swore his oath in January, he promised to impose stiff tariffs to end the giant trade deficit he blames for poisoning our economy and hollowing out the heartland. And in six months, the average rate has jumped from about 2 percent to 18 percent.

·Michigan, United States
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After his re-election, Donald Trump launched a sweeping trade offensive: imposing record tariffs, reducing the trade deficit, and seeking to generate revenue for the US budget. He appears to be winning, but the legal, economic, and geopolitical risks of the strategy continue to raise serious questions – from inflation to ad-hoc decision-making to unfulfilled international promises.

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Michigan Live broke the news in Michigan, United States on Wednesday, August 6, 2025.
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