Explaining the Trump tariffs

 Newsmax:

Jamie Dimon, the CEO of JPMorgan, in an interview this week defended President Donald Trump's widespread tariffs as "part of a master plan" to negotiate trade deals.

Dimon said on Thursday evening that he initially thought the tariffs were "too large, too big, and too aggressive when it started," but later decided "it was part of a master plan to get people to the table."

He added that voters should note "it's OK to say if it's unfair [and] we want to fix it."

Dimon went on to praise Trump's trade deal with the United Kingdom, saying he's "very happy it took place."

He added, "The tariff stuff...was very big and very large and everybody all at once. I think it's very important that they start to show progress in the deal, so any progress is good."

Dimon said, "These are deals in principle...a real trade deal would be 10 or 20,000 pages long. But any progress is good."
...

Hopefully, the tariffs will lead to fairer trade deals for the US.  I think that is Trump's plan.  Trump is a master negotiator, and tariffs are a part of getting people to the table to discuss changes to the current situation.  The deal with the UK looks like a good one for both countries.

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