#TrumpTariffs In recent days, Donald Trump has launched a massive wave of tariffs aimed at Chinese, metallurgical, energy, and automotive goods:
55% tariff on imports from China — the result of a "liberation" trade package that includes a base of 10%, a special duty of 20%, and an old tariff of 25%.
Doubled tariffs on steel and aluminum (from 25% to 50%), effective June 4.
"Base" tariff of 10% on all countries with increases against deficit partners.
⚖️ Economists warn:
CBO: the deficit will decrease by $2.8 trillion over 10 years, but GDP growth and wealth will weaken due to inflation and reduced consumption.
Yale/Budget Lab: escalation of uncertainty, the average rate – nearly 18%, the highest since the 1930s.
PWBM (Wharton): long-term effect – a 6% decrease in GDP, a 5% decrease in earnings.
🎭 Results and sentiment: this is not just tariffs. This is a powerful economic and political course.
👀 What to expect next?
1. Reactions from China, the EU — retaliatory tariffs or break-offs.
2. The likelihood of new blocking lawsuits (IEEPA preference)
3. Trump could "retreat" again — there was already an episode with "TACO negotiations."