Former US Commerce Secretary: Trump's tariffs are likely to persist beyond the end of his term.

Odaily Planet Daily reports that former U.S. Commerce Secretary Raymondo stated that Trump's tariff policies are likely to persist beyond the end of his term because politicians fear that removing these protectionist barriers would alienate workers worried about job losses due to outsourcing and artificial intelligence. Raymondo said that regardless of which party is in power in the future, the political cost of removing tariffs is too high. "Once tariffs are imposed, they are very difficult to remove. Nobody wants to be a president accused of betraying American workers. Tariffs protect American workers, and I think that's become even more politicized in the context of AI development." Goldman Sachs President Waldron agreed, adding that the anticipated more complex labor market next year will only further exacerbate this political sensitivity. (Jinshi)