In the ongoing tariff sparring match kicked off by US President Donald Trump, experts warn there’s no real winner—Americans face the biggest hit. 🏛️💥
Scott Lucas, a professor at the Clinton Institute of University College Dublin, points out that tariffs are essentially a surcharge on importers. They can either absorb the cost—shrinking their own profits—or pass it down the chain to American manufacturers, consumers and farmers. 👨🌾📈
For consumers, that often means higher prices at the grocery store. For manufacturers and farmers, it can mean tighter budgets and tougher margins. Lucas stresses that instead of gaining leverage, consumers end up footing the bill in this trade tug-of-war. 💸🤷♀️
Whether you’re a small-business owner, an investor or just someone keeping an eye on the economic pulse, the lesson is clear: trade disputes ripple through the entire economy. Staying informed is key to understanding how policy changes affect everyday life and your wallet. 💡🌍
For anyone tracking markets or planning budgets, this serves as a reminder: policy changes in Washington can ripple around the globe. Keep an eye on price tags and trade talks to stay ahead of the curve. 💡🌐
Reference(s):
cgtn.com
