Reported 25 days ago
President Trump has announced a 25% tariff on car imports set to take effect on April 3, leading to discussions about potential economic ramifications. Political science professor Wendy Schiller suggests that while some uncertainty has been factored into the market, the continuation of these tariffs could lead to a broader economic chain reaction, affecting not just the auto industry but the US economy as a whole. There are concerns about the consistency of Trump's policies and their long-term impacts, potentially resulting in a 'spin-off effect' within the markets.
Source: YAHOO