Economist Katherine Schmeiser Lande from Mount Holyoke College warns that Trump's new tariffs could trigger higher prices for consumers and producers alike. Her insight throws a spotlight on the potential economic ripple effects, suggesting that the tax on trade might not simply fill coffers but come at a hefty cost.
In her own words, "In terms of the idea that this is just going to raise a lot of money, it's not clear how that happens without it being at the cost of the U.S. consumer and some producers as well. Prices are going to go up for everybody. There will be job losses, probably." This warning underscores the risks of a tariff strategy that may lead to a domino effect in the broader economy.
With the global market closely watching these developments, young professionals, students, and entrepreneurs are urged to stay informed. The conversation around tariffs is not just about numbers—it’s about everyday impacts, from grocery bills to job security. As we navigate these uncertain economic waters, let’s keep a keen eye on how these policies affect us all. 🚀💡
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Economist warns of tariff impact on U.S. consumers and farmers
cgtn.com
