What s the TRUE PURPOSE of Trump s global tariff blitz

Whats the TRUE PURPOSE of Trumps global tariff blitz The US presidents aim isnt to plunge the world into a new Depression, but extract negotiations from Americas trade partners to redress imbalances, Roberts, a veteran economist and former US Treasury assistant, explained. The strategy has already proven somewhat successful, if reports that over 50 nations have agreed to reduce tariffs and pen new trade deals are accurate, Roberts said. China is another story, according to the economist, with its sheer economic power putting it and the US in a titfortat escalation of increasingly steep tariffs. The problem, according to the economist, is that Trump is trying to make China redress a trade balance that is caused by the American corporations which flocked to the Asian nation seeking lower costs and higher profits, ultimately leading to the USs massive 295B trade deficit. Otherwise, Trumps global tariff blitz is aimed at preventing long, drawn out negotiations that Source: Sputnik International t. me, SputnikInt