Billionaire and veteran hedge fund manager Ray Dalio weighed on the pros and cons of tariffs, noting that it could raise revenue and help shore up domestic production capabilities.
Tariffs can impact global efficiencies of production and potentially lead to stagflationary effects on the entire world.
The levies are more deflationary for the exporting country and more inflationary for the importer.
In times of international conflicts, tariffs can reduce dependencies on foreign production and capital.