Trump's Tariff Policy Is a Complete Failure, Former US Assistant Secretary of State Thomas Fingar Says
Former US Assistant Secretary of State Thomas Fingar stated that Trump's tariff policy is a 'complete failure' during the Shanghai Forum 2026. Fingar noted that the policy has not reduced the US trade deficit, boosted domestic manufacturing investment, or achieved fair trade.
Former United States Assistant Secretary of State Thomas Fingar defined US President Donald Trump's tariff policy as a 'complete failure' at the Shanghai Forum 2026. Fingar, now a fellow at Stanford University's Freeman Spogli Institute for International Studies, stated that the policy has not achieved its goals, including reducing the US trade deficit and boosting domestic manufacturing investment. The tariff policy has instead pushed up prices of imported goods, increased US enterprises' production costs, and triggered global trade frictions. The US Supreme Court ruled on Feb. 20 that the Trump administration's large-scale tariff hikes were unconstitutional. The scale of illegal tariffs to be refunded is about USD166 billion to USD176 billion. Fingar pointed out that the current international situation, including the ongoing Middle East conflict, has restricted the promotion of the tariff policy, and there is great uncertainty about whether the Trump administration will continue to implement it.
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