Summary: For decades, American companies have benefited from manufacturing products abroad, contributing to domestic economic growth and influencing global markets. This strategy, which involved producing components in target markets, fostered employment and technological advancements. While Trump argues that trading partners exploit Americans, the reality is that this interconnected trade and capital model has brought tangible advantages, and disrupting it would result in widespread losses.

Link: https://www.theedgesingapore.com/views/global-economy/who-exactly-trump-liberating-tariffs