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Former US Commerce Secretary: It's very difficult to remove Trump's tariffs
BlockBeats News, November 19th, former US Secretary of Commerce Raymondo said that the tariff policy implemented by Trump is likely to continue after his term ends because politicians are concerned that once these protectionist barriers are removed, they will offend those worried about job outsourcing and AI replacing workers.
Raymondo said that regardless of which party governs in the future, the political cost of repealing tariffs is too high. "Once tariffs are imposed, it is difficult to remove them. No one is willing to be accused of betraying American workers. Tariffs protect American workers, and I believe this has become more politicized in the context of AI development."
Goldman Sachs CEO Waldren agrees with this view and adds that the labor environment is expected to become more complex next year, further exacerbating this political sensitivity. (FXStreet)
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