China Strikes back with 125% tariffs on US goods | Bit Crypto 2 on Binance Square

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China Strikes back with 125% tariffs on US goods 

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Trump’s Tariffs & Inflation: What You Need to Know Trump’s plan to impose tariffs could lead to higher inflation, and here’s why: 1️⃣ Higher Import Costs: Tariffs make imported goods like electronics, clothes, and raw materials more expensive. Businesses pass these costs to consumers by raising prices. 2️⃣ More Expensive Production: When companies pay more for taxed materials (like steel or car parts), they charge higher prices for their products. 3️⃣ Less Competition, Higher Prices: Tariffs protect local businesses by limiting foreign competition, allowing them to raise prices without pressure from cheaper imports. 4️⃣ Trade War Risks: If the U.S. taxes imports, other countries might tax U.S. exports in return, hurting American businesses and forcing them to raise prices. 5️⃣ Supply Chain Disruptions: Tariffs slow the flow of goods, making it harder and more expensive for businesses to source materials, leading to price hikes. 6️⃣ Inflation Cycle: If businesses expect rising costs, they increase prices early, and workers demand higher wages, fueling inflation even more. Why Impose Tariffs? Despite these risks, Trump sees tariffs as a way to: ✔ Protect U.S. jobs ✔ Reduce trade deficits ✔ Strengthen local industries ✔ Push for better trade deals Should the U.S. move forward with tariffs? Let me know what you think in the comments! 👇🏻 $TRUMP #MastertheMarkert

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