Reported 2 days ago
President Trump's recent tariffs, labeled as a way to stimulate the economy, are causing significant concern among investors and economists. The tariffs are expected to increase import costs dramatically, potentially raising the average tariff rate from 2.5% to between 15% and 30%, leading to substantial tax hikes for Americans. Analysts predict that corporate earnings will suffer, the economy may enter a recession, and inflation and unemployment rates could rise. Overall, these measures are likely to have adverse effects on the U.S. economy, contradicting Trump's claims of fostering domestic growth.
Source: YAHOO