Former US Commerce Secretary: Trump's tariffs are likely to continue beyond his term

Mr. Trump's tariffs are likely to survive beyond his term because of political fears that removing the protectionist barriers will alienate workers who fear jobs will be replaced by outsourcing and artificial intelligence, said Mr. Raimondo, a former commerce secretary. Regardless of which party governs in the future, the political cost of rolling back the tariffs would be too high, Mr. Raimondo said. "Once tariffs are added, it's very difficult to take them down. No one wants to be a president who is accused of failing American workers. Tariffs protect American workers, and I think in the context of the development of artificial intelligence, that becomes more political." Goldman Sachs president Paul Waldron agreed, adding that the expected more complex workforce environment next year will only further exacerbate this political sensitivity. ( Gold Ten)