US economic forecasts took a hit as policies from President Donald Trump roll out with the highly anticipated "Liberation Day" on April 2. Experts warn that the introduction of reciprocal tariffs could slow growth in the world’s largest economy.
Under various pretexts—including illegal immigration, illegal drug trade, trade imbalances, and repatriating manufacturing—tariffs have been imposed on specific goods and countries. Now, these measures are set to expand broadly under the simple Trump rule: "We tax you what you tax us." ⚠️
Financial institutions and international agencies predict a subdued economic outlook, with ripple effects that could impact global trade dynamics. This unfolding scenario is stirring debate among experts and business leaders, adding a twist to the already volatile economic environment. 🌍
Stay tuned as this pivotal development continues to influence both domestic and international markets, promising to reshape discussions among news enthusiasts, professionals, academics, diaspora communities, and travelers alike.
Reference(s):
Forecasts for US economy slashed in run-up to Trump's 'Liberation Day'
cgtn.com
