Anonymous wrote:
Anonymous wrote:
Anonymous wrote:If you don't remember, he put tariffs on in 2018. The market went down and then it bounced back.
When exactly are we going to see the ill effects, shortages, price hikes, and cats and dogs living together from these tariffs?
We see the effects now.
In his first term, Trump did not impose tariffs at the rates he is currently proposing.
If the tariffs Trump proposes are imposed in full, trade with the US will decline. There will be less demand for the US dollar and its value will decline (this is already happening). Other currencies will also become more influential and de-dollarization will accelerate (this is happening now).
As foreigners will have fewer dollars, there will be less demand for US treasuries and yields will increase (this is already happening). Domestic interest rates are based the the treasury rate and interest rates will increase.
China's influence will also increase as the US pushes its allies away (this is also happening).