Trump’s 2024 tariff plan aims to boost US manufacturing and target energy costs. | (डोनाल्ड ट्रम्प का 2024 टैरिफ प्रस्ताव: अमेरिकी विनिर्माण को पुनर्जीवित करने के लिए आयात करों में व्यापक वृद्धि; ऊर्जा की कीमतें फोकस में हैं )

Main Points In Hindi (मुख्य बातें – हिंदी में)

1. टैरिफ नीति का उद्देश्य: डोनाल्ड ट्रम्प ने 2024 के राष्ट्रपति चुनाव के नजदीक आते ही अमेरिकी विनिर्माण को पुनर्जीवित करने के लिए टैरिफ लगाने का वादा किया है, जिससे उन्होंने अरबों का राजस्व उत्पन्न करने और विदेशी देशों पर दबाव डालने का लक्ष्य रखा है।

2. विशेषज्ञों की संदेह: हालांकि ट्रम्प की योजना का उद्देश्य उत्पादन को अमेरिका में लाना है, लेकिन विशेषज्ञों का मानना है कि इस बदलाव की व्यवहार्यता संदिग्ध है, क्योंकि कई वर्षों से अमेरिका में बड़े पैमाने पर विनिर्माण गतिविधियाँ नहीं हुई हैं।

3. मुद्रास्फीति और उपभोक्ता लागत: ट्रम्प का दावा है कि उनके पिछले टैरिफ ने मुद्रास्फीति को प्रभावित नहीं किया, लेकिन अर्थशास्त्री बताते हैं कि पिछले टैरिफ ने उपभोक्ताओं पर शुल्क बढ़ा दिया, जिससे औसत अमेरिकी प्रति माह 3.2 बिलियन डॉलर अधिक खर्च कर रहा है।

4. वैश्विक व्यापार में बदलाव: ट्रम्प की टैरिफ नीतियों की संभावना है कि यह अमेरिका-चीन व्यापार को 70% तक कम कर देगी, जिससे कुल अमेरिकी व्यापार मात्रा में 10% की गिरावट आ सकती है, क्योंकि कंपनियां वैकल्पिक बाजारों की तलाश करेंगी।

5. ऊर्जा और खाद्य कीमतें: ट्रम्प ऊर्जा बिलों को आधा करने का वादा कर रहे हैं, जबकि वे विदेशी कृषि वस्तुओं के आयात को कम कर खाद्य कीमतों में कमी लाने की कोशिश कर रहे हैं। हालांकि, अर्थशास्त्री चेतावनी देते हैं कि ये प्रस्ताव व्यापार प्रतिक्रिया का सामना कर सकते हैं और उपभोक्ताओं को नुकसान पहुंचा सकते हैं।

Main Points In English(मुख्य बातें – अंग्रेज़ी में)

Here are the main points from the provided text:

1. Trump’s Commitment to Tariffs: As the 2024 presidential election approaches, Republican candidate Donald Trump is doubling down on his promise to revive American manufacturing through widespread tariffs on imports, arguing this will generate significant revenue, pressure foreign countries like China, and encourage businesses to bring production back to the U.S.

2. Proposed Tariff Rates: Trump has pledged to impose universal tariffs ranging from 10% to 20% on all imports, with a specific 60% tariff on Chinese goods and a potential 200% tariff on automobiles made in Mexico. He believes these measures will protect American jobs and reduce trade deficits.

3. Skepticism Around Implementation: Experts express doubt about the feasibility of bringing manufacturing back to the U.S., citing the lack of current capacity in domestic factories to meet consumer demand. They also warn that previous tariffs have contributed to inflation rather than alleviating it.

4. Economic Impact Predictions: While Trump estimates that new tariffs could generate up to $500 billion in annual revenue, economists believe the actual figure may be closer to $200 billion due to trade redirection. Additionally, they warn that proposed tariffs could lead to increased inflation and potential retaliation from trade partners, harming American consumers.

5. Inflation and Consumer Costs: Trump has promised to halve energy bills within a year and reduce food prices by limiting imports of foreign agricultural goods. However, analysts question whether these promises can be fulfilled, given potential market limitations and the likelihood of retaliation from international trade partners, which could ultimately result in higher costs for American consumers.

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Complete News In Hindi(पूरी खबर – हिंदी में)

Complete News In English(पूरी खबर – अंग्रेज़ी में)

As the 2024 presidential election approaches, Republican candidate Donald Trump is intensifying his promise to revive American manufacturing through high tariffs. According to a report by The Avery Journal Times, Trump argues that tariffs will generate billions in revenue, pressure foreign countries like China, and encourage businesses to bring production back to the U.S.

However, LiveMint could not independently verify this news.

### The Argument for Tariffs
Trump has long viewed tariffs as a tool to strengthen the U.S. economy and address trade imbalances. During a debate in September with Democratic candidate Kamala Harris, he stated, “After 75 years, other countries will finally pay us back for everything we’ve done for the world.” At a rally in Michigan, he referred to tariffs as “the most beautiful word.”

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He has vowed to impose a universal tariff of 10% to 20% on all imports, including a 60% levy on Chinese goods and a potential 200% tariff on cars made in Mexico. He believes these measures will protect American jobs and reduce the trade deficit.

### Challenges in Manufacturing
While Trump’s tariff plan aims to bring production back to the U.S., experts are skeptical about its feasibility. “We haven’t made TVs in the U.S. for decades,” emphasized Handley, noting that American factories currently lack the capacity to meet large consumer demands.

Despite Trump’s claims that previous tariffs did not spur inflation, economists disagree. Handley estimates that disruptions from past tariffs effectively resulted in a 2% to 4% price increase, forcing companies to pass some of these costs onto consumers.

A 2019 study published in the Journal of Economic Perspectives found that by the end of 2018, American consumers and importers were paying an extra $3.2 billion monthly due to additional tariff costs.

### Global Trade Effects
Trump’s aggressive tariff policies could significantly alter global trade dynamics. Oxford Economics predicts that U.S.-China trade could decrease by up to 70%, leading to a 10% drop in total U.S. trade volume as companies seek alternative markets and shift focus to North American partners.

While Trump estimates that the new tariffs could yield about $500 billion in annual revenue, economists believe the actual figure might drop to around $200 billion due to trade disruptions. According to the Peterson Institute for International Economics (PIIE), Trump’s proposal to rescind China’s “permanent normal trade relations” could lead to a 0.4 percentage point rise in U.S. inflation by 2025.

### Focus on Energy and Food Prices
In his campaign, Trump promises to halve energy bills within a year to address voter concerns about inflation. However, analysts remain skeptical. Yarros pointed out that the increase in domestic oil and gas production associated with Trump’s regulations could be limited by market forces. As reported by The Avery Journal Times, he noted, “Producers have shareholders to answer to,” suggesting that production increases may not happen quickly.

Trump aims to reduce food costs by limiting imports of foreign agricultural products. However, economists warn that such restrictions could provoke retaliatory actions from trade partners, potentially harming American consumers.

While Trump promises to reduce inflation and boost the economy, experts say the impacts of his proposed tariffs and trade policies remain uncertain, as they could lead to higher consumer costs and global trade disruptions, as noted in the report by The Avery Journal Times.



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