What is Trump's End Goal With These Tariffs?

"By the way, my tax cut is the biggest since Ronald Reagan. I'm very proud of it." ~ Donald Trump

"Well the thinking is we have the highest tax rate in the world. In the entire world, we have the highest tax rate. There's gridlock in Washington because there's no leadership. So what I'm doing is a large tax cut especially for the middle class and they're gonna- we're going to have a dynamic country. We're going to have dynamic economics. And it's going to be something really special. And people are going back to work." ~ Donald Trump

"It's tax day and while many Americans are filing their taxes with a groan, taxpayers in the Badger State have reason to cheer. In Wisconsin, we have enacted more than $2 billion in tax cuts, giving our citizens much-needed relief, call us crazy Midwesterners but we think you know how to spend your money better than the government." ~ Marco Rubio

Trump's tariffs are intended to address what he perceives as unfair trade practices by other countries, such as high tariffs on U.S. goods or subsidies for their own industries.

By imposing tariffs, Trump hopes to pressure these nations into reducing their trade barriers and creating a more "level playing field" for American businesses.

Second, is clearly this odd Trumpism economic doctrine of tariffs seen as a way to boost domestic industries. Industries that have not been based in United States for over two decades due to basic cost benefit analysis. By making imported goods more expensive, the Trumpism idea is to encourage consumers and businesses to buy American-made products, thereby stimulating local manufacturing and job creation. All economists think it's the most odd unorthodox tariff doctrine that would never pass a basic undergrad economics course.

Third, Trump believes that these tariffs will generate revenue for the U.S. government, by bringing in hundreds of billions of dollars or maybe even trillions per year, all these countries will be paying tariffs so that he can cut taxes of the very wealthy. However, the American consumer will be paying a heavy price by paying for higher prices of consumables and a consistent inflation, maybe even hyperinflation due to worldwide tariffs and possible trade wars.

Lastly, the tariffs serve as a negotiation tool. Trump has used them to push for better trade deals and to address broader issues, such as intellectual property theft and currency manipulation.