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Reply to "Trump tariffs: ruin U.S. economy until 2040"
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[quote=Anonymous]10% universal tariffs were considered the worst-case scenario, something even Trump wasn’t crazy enough to impose. Now we have those PLUS 125% tariffs on China. This will still be very inflationary and impose a "tax" of at least $2,500 on each household in the US. Further, there is an addition to 25% "sectoral" tariffs on steel and autos and we are awaiting the announcement on tariffs related to the pharmaceutical industry. And this is just the "pause" - we have no idea what tariffs will be in 90 days, so the chaos will continue and big companies have no idea if they are supposed to be investing in manufacturing in the US or able to do workarounds. Meanwhile Trump is openly soliciting bribes from countries and individual companies for relief.[/quote]
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