Trump's new tariffs—25% on foreign-made smartphones and 50% on EU imports—aim to protect U.S. industries but risk higher consumer prices and strained global trade relations. While they may boost domestic manufacturing jobs, economists warn of inflation, disrupted supply chains, and potential GDP decline. Retaliatory measures from trade partners could further impact U.S. exports and economic stability. Balancing protectionism with global cooperation is crucial for sustainable growth.#TrumpTariffs #TrumpCrypto