Tariffs Set to Surpass Trump's Entire First Term
Donald Trump's latest tariff deadline arrives tonight, with potential new duties on America's top three trading partners starting tomorrow morning. The promises could match or surpass the economic toll of his entire first term. The Tax Foundation estimates that Trump's 2018-2019 tariffs shrank US GDP by about 0.2%.
- This escalation highlights the precarious nature of trade policy under Trump, where bluster often gives way to concrete actions with far-reaching consequences for the global economy.
- How will the imposition of these tariffs interact with emerging trends in supply chain management and logistics, potentially exacerbating shortages and price hikes across industries?