Economic Uncertainty Lingers Amid Trump Tariffs
The ongoing trade war initiated by Trump’s administration has left Americans grappling with economic uncertainty, as tariffs impact various sectors and spark concerns of a potential recession. While some experts argue that the long-term benefits of tariffs may outweigh short-term costs, many economists warn that the current trade policies could hinder growth and exacerbate inflation. Retailers are facing shopper uncertainty, and small firms, in particular, are anxious about the effects of fluctuating tariffs. Global leaders have condemned the U.S. tariff escalations, fearing a deepening trade rift, while local businesses, including steel manufacturers, are already feeling the pinch. Amidst this economic landscape, questions arise about the effectiveness of tariffs in addressing issues like the budget deficit and inflation, with some arguing that the policies could further destabilize the economy.
BBC.com, CBS News, CNBC, The Globe and Mail, The FP, Newsweek, 코리아타임스, The Associated Press, CBC.ca, CalMatters