Trump's tariffs are a longtime goal fulfilled - and his biggest gamble yet

Donald Trump's political views have changed over the years. However, he has always believed in tariffs to boost the US economy.

Now, he is betting his presidency on this belief.

At a Rose Garden event, Trump announced new tariffs on many countries. This includes allies, competitors, and adversaries.

His speech was both celebratory and self-congratulatory. The crowd frequently applauded as he spoke about his support for tariffs. He also criticized free trade agreements like NAFTA and the WTO.

Trump acknowledged that he would face opposition from "globalists" and "special interests." Still, he urged Americans to trust his instincts.

He stated, "Never forget, every prediction our opponents made about trade has been proven wrong."

In his second term, Trump is surrounded by supportive advisers. The Republican Party controls both chambers of Congress. This gives him a chance to implement his America-focused trade policy.

He believes these policies will restore America's wealth as they did over a century ago. He said hardworking Americans have suffered while other nations prospered at their expense.

With these actions, Trump claims America can become great again—greater than ever before.

However, this move carries significant risks.

Economists warn that massive tariffs will raise prices for American consumers. They fear this could lead to a global recession.

Ken Rogoff, former chief economist at the IMF, predicts a 50% chance of recession due to these tariffs. He described Trump's announcement as dropping "a nuclear bomb on the global trading system."

This decision may escalate trade tensions with other countries and alienate allies. Japan and South Korea recently announced plans to respond together to America's trade policies.

If successful, Trump could reshape the global economic order established after World War II. He promises it will rebuild American manufacturing and create new revenue sources.

Many believe this goal is unrealistic but crucial for Trump's legacy. He aims for what he calls America's "liberation day."

Wednesday's announcement could mark a historic change in US trade policy. The outcome remains uncertain—will it be seen as an achievement or notoriety?

Trump's speech was triumphant despite potential costs to the economy and his political standing. Yet he believes it's worth it all.

At the end of his remarks, a hint of doubt emerged when he said: "Hopefully you'll look back in years to come and say you were right."