Trump's Proposed Tariffs Could Ignite Economic Turmoil and Trade Wars

Economists warn that Trump's tariff plans may raise consumer costs and trigger retaliatory trade measures from other nations.

Trump plans to impose tariffs of up to 60% on Chinese imports and 10-20% on goods from other countries if elected.
Experts predict these tariffs will significantly increase prices for U.S. consumers, with electronics like laptops potentially costing $350 more.
Economic analyses suggest the tariffs could reduce GDP by up to 1.7% and result in the loss of over 1.4 million jobs.
The tariffs are likely to spark a global trade war, leading to retaliatory tariffs that could harm U.S. exports and further disrupt the economy.
While some domestic manufacturing might benefit, the overall economic impact is expected to be negative, with increased costs outweighing potential gains.