Trump's Proposed Tariffs Could Disrupt Global and U.S. Economies

Former President Donald Trump's tariff plans face criticism for potential economic isolation and increased costs for consumers.

Donald Trump has announced plans for significant tariff increases, including up to 60% on Chinese imports and 10-20% on all other foreign goods.
U.S. Treasury Secretary Janet Yellen criticized Trump's tariff proposals as misguided and warned of their impact on global partnerships.
Studies predict Trump's tariffs could reduce Germany's economic output by over 1% within two years, affecting its major export market in the U.S.
Economic experts warn that the proposed tariffs could lead to a consumer price shock and exacerbate a potential recession in the U.S., with GDP possibly shrinking by up to 5%.
The tariffs could further strain U.S.-EU trade relations, with existing tariffs on European steel and aluminum already impacting trade dynamics.