Trump's Tariffs: Boosting Ego, Damaging Economy
Trump's new tariffs may hurt consumers, companies, and the stock market, as well as strain relations with other countries, according to experts.
Trump's plan to impose new tariffs will damage the US and global economies, hurting consumers, companies, and the stock market, as well as strain relations with trading partners, according to experts. After the US Supreme Court overturned his previous global tariffs, Trump chose to double down, using a never-before-used legal provision to levy a new 15% across-the-board tariff.
While Trump insists his new tariffs will be just as effective as the overturned ones, economists, business leaders, and consumers strongly disagree. Tariffs may boost Trump's ego, but they will ultimately harm the US economy and international relations. A large majority of Americans - 64% - disapprove of Trump's handling of trade policy.
Source: The Guardian
