SALT LAKE CITY, Utah(News4Utah) In a consumer alert, some countries are imposing retaliatory tariffs in response to President Donald Trump’s new trade policies. But, it’s not just affecting the money in your wallet. There’s concern it could be the start of a trade war. Ryan Vogel, Director of National Security Studies at Utah Valley University, joined Emily Clark, with some insight.
The Trump Administration has made re-negotiating trade agreements and imposing tariffs in a central part of its foreign policy. President Trump has consistently stated that “winning trade wars is easy,” arguing that remaking U.S. trade relations is an essential part of U.S. national security.
But, U.S. allies and competitors alike have met U.S. imposed tariffs with their own tariffs and recoiled at the allegation that the United States has been treated unfairly. These developments prompt major questions:
- Is there a national security stake in trade imbalances?
- Will tariffs and trade wars affect U.S. national security?
- If the situation escalates, what will the result be for the U.S.?
- What are the likely long-term effects of this type of international trade approach?
Watch the videos to see the answers to these questions, and for more information, visit UVU.edu/ NSS.