Reported 1 day ago
Donald Trump's consideration of a 20% 'blanket' tariff to underpin his 'Liberation Day' promises raises significant economic concerns, with economists warning it could lead to increased inflation and household losses of around $3,400-$4,200. While this approach simplifies trade policy, it comes with risks, as the tariffs could result in the highest average effective tariff rate since 1872, potentially impacting the U.S. economy and consumer prices.
Source: YAHOO