Trump's Proposed Tariffs Could Trigger Massive Economic Backlash

Experts warn that Trump's tariff plan may lead to higher consumer costs and economic instability in the U.S.

Trump's proposed tariffs include a 20% tax on all imports and a 60% tax on Chinese goods, raising concerns of a new trade war.
Economists argue that the tariffs are regressive and would disproportionately impact lower-income households by increasing prices across the board.
The tariffs could cost U.S. consumers up to $3.9 trillion and potentially lead to job losses and slower economic growth.
Retaliatory tariffs from other countries could further harm U.S. exports, exacerbating economic challenges for American businesses.
Critics highlight that Trump's tariff policy could lead to increased inflation and higher interest rates, undermining economic progress.