Trump's Tariff Gamble: A Controversial Bet on Economic Revival

President Donald Trump has imposed new tariffs on imports from most U.S. trading partners, believing this move will rejuvenate the domestic economy. Critics fear this could lead to inflation and recession, creating tension within the Republican Party while energizing Democrats who see it as an overreach.

President Donald Trump, undeterred by recent electoral setbacks, is doubling down on his economic strategy with a bold move: imposing comprehensive tariffs on imports from nearly all U.S. trading partners. This decision reflects his long-standing protectionist views, aiming to revive domestic manufacturing by curbing free trade.

The response has been swift and divided. Financial markets endured a sharp downturn reminiscent of early pandemic turbulence, with the Dow Jones plummeting over two consecutive days. Warnings of potential inflation and recession loom as foreign trade partners, especially China and the EU, weigh retaliatory measures against these tariffs.

As Trump's economic policies spark division, Republican lawmakers express concern over the broad application of tariffs, fearing long-term impacts on party prospects. In contrast, Democrats find renewed momentum, sensing opportunity amid Trump's perceived overreach, as they rally for significant political shifts following recent electoral victories.

(With inputs from agencies.)