Youtube hearted comments of dark room ambience (@DarkRoomAmbience).
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If Trump implements a tariff on all or most imports, the economic impacts will include higher inflation due to rising import costs, reduced consumer spending and disrupted supply chains. Whilst certain domestic industries might benefit in the short term, most sectors, particularly those reliant on imports or exports (Google, Apple, Boeing, General Motors, Ford, Caterpillar, Intel, even Tesla, the entire NASDAQ will face increased costs and declining demand.
Unemployment will rise, while overall GDP growth will slow or turn negative. The stock market will experience heightened volatility, with export-reliant and growth sectors suffering the most. Due to the uncertainty, the US dollar will initially strengthen, ironically as a safe haven currency, but it will weaken over time as inflation rises and growth stalls. Retaliatory tariffs from trading partners will further exacerbate the economic downturn.
The world retaliates and the global economy realigns, with other nations continuing free trade amongst themselves and targeting their retaliatory measures specifically at the US. This would put the US at a comparative disadvantage by raising production costs, reducing export competitiveness and isolating it from global supply chains. Meanwhile, countries that remain committed to free trade would enhance their economic integration, leaving the US with fewer trade partners, slower growth and diminished global influence
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