In an online discussion, economic experts Lael Brainard and Conor Sen analyzed the adverse impacts of Trumpâs recent tariffs on the economy. They highlighted that the unexpected severity of these tariffs, along with cuts and heightened uncertainty, shattered investor confidence. Brainard emphasized that the tariffs could cost American families thousands of dollars annually, creating a substantial negative economic shock, reminiscent of past trade policies like the Smoot-Hawley Act. The conversation underscored the disconnect between promised economic benefits and current market realities, revealing a growing worry among business leaders.
The tariff announcement has shocked consumer and business confidence, and the high expectations the investor and business community had in the administration have been dashed.
The 10 percent base-line tariff for all countries, the 25 percent sectoral tariffs for cars and other products, mean huge increases in prices for American working families.
Collection
[
|
...
]