Reported 1 day ago
ChatGPT discussed the potential effects of President Trump’s tariffs on the U.S. economy, indicating concerns about slower GDP growth, higher consumer prices, job losses, and financial market volatility. Estimates suggest a GDP decline of up to 0.9% in 2025, rising inflation that could reduce purchasing power, and ongoing job creation struggles in sectors such as manufacturing. While the tariffs provide significant federal revenues, the overall economic costs, including wage reductions, seem to outweigh these benefits.
Source: YAHOO