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Yes, rising prices in US leading to inflation leading to higher interest rates and tariffs on exports as well, so experts say this kind of policy produces only loosers.

problem for europe is, it weakens its exports, while at same time europe imports mostly services and not goods, which will eventually lead to a trade deficit. and tarrifs are ofc the opposite idea of the free market as they are protective measures in the first place en.wikipedia.org/wiki/Balance...