The editor-in-chief of The Economist in the UK claims that the U.S. tariff increase is self-destructive

According to ChainCatcher, the editor-in-chief of The Economist in the UK, Zanny Minton Beddoes, stated that the significant increase in tariffs by the U.S. is 'self-destructive'. The new government's plan is to reshape foreign policy, change the economy, and attack independent institutions.

He believes that the economic route chosen by the U.S. government to raise tariffs is self-defeating. This is a tax on consumers, may lead to an economic recession, and erodes investors' confidence in the dollar.