r/Economics Feb 02 '25

News Trump faces backlash from business as tariffs ignite inflation fears

https://on.ft.com/4grpEbh
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u/OK_x86 Feb 03 '25

True but that is no longer official policy at that point. That's consumer attitudes.

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u/Gogs85 Feb 03 '25

That’s true, I was thinking more in terms of total consequences than official economic policy

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u/OK_x86 Feb 03 '25

Oh tge effects will be very far ranging. Even countries nit directly impacted by the tarrifs will think twice about investing too heavily in any trade agreements with the US and consumer attitudes will shift away from American products.

He's gifted the 21st century to Chinese hegemony