Trump's Tariffs Risk Economic Turmoil - and Voter Backlash.
The president is making a high-stakes bet that could either reap major political dividends or seriously undercut his second term. Donald Trump has been threatening major tariffs on America's two largest trading partners, Canada and Mexico, for more than a month, and now appears to be taking action. The risk for the president is that his sweeping tariffs may drive up prices for businesses and consumers in the months ahead, damaging the health of the US economy.
- This move highlights the delicate balance between economic protectionism and the potential consequences for middle-class Americans, who will bear the brunt of higher prices on everyday goods.
- How will Trump's trade policies affect the long-term competitiveness of American industries, particularly those with high labor costs or complex supply chains?