What are the potential economic impacts and criticisms of Trump's proposed trade policy changes involving tariffs on foreign goods?

President Trump's trade policy aims to boost domestic production and create jobs through tariffs on foreign goods, with supporters claiming it will maintain or lower prices while generating employment opportunities. The administration believes this approach will help address America's $36 trillion debt by strengthening domestic manufacturing. However, most economists express skepticism about these claims, particularly regarding inflation control and overall economic impact. Critics argue that Trump's tariff strategy lacks strategic depth and coherent planning, potentially harming both importing and exporting industries. The policy presents a complex trade-off between protecting domestic industries and managing consumer costs, with economists warning that tariffs typically lead to higher prices for consumers rather than the promised price stability.