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This chapter discusses Trump's aim to elevate tariffs as a major revenue stream for the US federal government, akin to income tax. It explores the international reactions to these tariff policies, particularly concerning relations with China, Canada, Mexico, and the European Union.
- Trump aimed to raise the importance of tariffs in federal revenue.
- China quickly signed a trade agreement with the US but faced subsequent challenges.
- Canada and Mexico's economic dependency on the US is highlighted.
- Trump's tariff policies were intended to pressure foreign manufacturers.
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