Reported about 2 months ago
Donald Trump's proposed tariff reforms, which could impose new tariffs of 10% to 20% on countries perceived as unfair trade partners, are creating uncertainty in the financial markets ahead of the presidential election. Economists warn that such tariff increases could significantly raise consumer prices and potentially slow economic growth, leading to fears of a recession. Investors are weighing the potential impacts of these tariffs on various sectors, with skepticism regarding the likelihood of their full implementation if Trump secures a second term.
Source: YAHOO