While the intention may be for foreign countries to pay these tariffs, input tariffs often make life more difficult for domestic manufacturers. This is what makes President Trump's approach to tariffs so unpredictable and potentially dangerous to the U.S. economy and stock market.

Trump's statement assumes significance as it has come at a time when the President has announced to introduce reciprocal tariffs on countries that impose high levies on American goods. The reciprocal tariffs,