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1、 1 Marubeni Washington Report Marubeni America Corporation Washington Office Chief Yusuke Inoue inoue- Although the tariff policy was announced with great fanfare,it has multiple conflicting objectives and three miscalculations have combined to prevent it from progressing as hoped.Other economic pol

2、icies that are likely to boost the economy,such as tax cuts,deregulation,and deficit reduction,will take time to take effect,and the move to impose tariffs first could have an impact on those other policies.It will be even more difficult to undertake more in-depth economic reforms,such as reforming

3、the international financial system,but there is deep-rooted opposition to the existing order surrounding domestic affairs,foreign affairs,and the economy,and there remains the possibility that bold reforms will be attempted at some point.The Trump administration marked its 100th day in office on Apr

4、il 29.Advocating an America First policy and aiming to restore Americas golden age,the administration has simultaneously begun working on many of the pledges it made during the election campaign,including measures against illegal immigration,government reform,and revisions to environmental and energ

5、y policies.In the economic field,tariff policy in particular has attracted a great deal of attention.This is because,with new tariffs being announced and revised in short cycles,the impact they will have on not only the US economy but the global economy as a whole is significant.However,tariff polic

6、y is merely one part of economic policy.Here,we would like to provide an overall picture of the Trump administrations economic policies,including tariff policy,and consider the outlook for the future.1.Miscalculation regarding tariff policy President Trump has made clear his intention to actively ut