US President Donald Trump recently announced that his tariff policy is mainly aimed at boosting domestic production of tanks, military equipment, and high-tech products, not T-shirts or shoes. With this statement, he made it clear that the country’s economic strategy is now focused on achieving self-reliance in the military and technology sectors.
Background of the Tariff Policy
Trump’s statement came after a controversial comment by Treasury Secretary Scott Besent. On April 29, Besent said that expanding the US textile industry was not a priority. His remarks drew sharp criticism from the National Council of Textile Organizations.
"I really don’t want the US to make T-shirts or socks. These things can be easily made abroad. Instead, we want tanks, ships, chips, computers, and artificial intelligence technologies to be made here in America." — Donald Trump
Strict Stance on Trade Policy
Recently, Trump threatened to impose a 50% tariff on products from the European Union. He also plans to place a 25% tariff on imported iPhones. Experts believe these steps may increase tensions in the global market.
Reaction from the Industry
Trump’s policies have raised concerns among organizations in the US apparel and footwear industry. They believe higher tariffs will raise production costs and hurt low-income consumers.
"More tariffs mean higher input costs and higher prices for consumers." — Steve Lamar, President of the American Apparel and Footwear Association
Future Direction
Trump’s tariff strategy clearly aims to make the US more self-sufficient in the military and technology fields. Only time will tell how these policies will impact the US economy and global trade.