Despite the heavy reliance on tariffs, Trump did propose a potentially game-changing strategy: reciprocal zero-tariff trade deals. This approach aimed to eliminate foreign trade barriers by offering mutually beneficial agreements.
Trump adviser Larry Kudlow stated that Trump used tariff threats as a negotiating tool, suggesting that the end goal was always freer trade rather than protectionism.
This zero-for-zero strategy isn’t without historical precedent. In fact, it echoes earlier U.S. trade policies that helped significantly reduce global tariff rates. The average world tariff rate decreased from 22% post-World War II to a mere 2.6% in 2017, demonstrating the potential effectiveness of such an approach.
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