An economist from the United States spoke about the goals of Trump's duties

US President Donald Trump intends to increase the number of industrial jobs by imposing tariffs, as well as level the playing field in the automotive market. This opinion was expressed by Andrew Lipow, an American economist, analyst, and head of the oil trader Lipow Oil Associates, in an interview with Izvestia on April 3.

"The first goal is to bring industrial jobs back to the United States, such as steel, aluminum, and other heavy industries, such as shipbuilding, because he believes that other countries are infringing on the United States by subsidizing their own industry or manipulating the currency," the expert noted.

Trump is also seeking fairer "playing conditions," the analyst said.

"The United States has very low tariffs on, say, car imports from Europe, and the European Union has very high tariffs on American—made cars that are imported in the opposite direction," the American economist explained.

At the same time, he clarified that it is too early to judge the effectiveness of tariffs. At the same time, Lipow stressed that the US market expects significant retaliatory measures in the coming days.

As the expert pointed out, there may not be trade wars, but trade between the countries will decrease significantly.

"I think it's too early to judge the impact of tariffs on global trade, but certainly in the next couple of weeks we will see the impact of tariffs on fruits and vegetables that are imported into the United States, as they are quite perishable," Lipow concluded.

Trade Warrior: How new US duties will affect the global economy

Donald Trump announced the introduction of fees for all products supplied to the United States.

Earlier in the day, Trump announced that the United States would impose duties of 20% on goods from the European Union (EU), 34% on goods from the People's Republic of China (PRC) and a number of other countries.