#TrumpTariffs

The Impact of Trump’s Tariffs on Global Trade

Trump's tariffs, imposed by former U.S. President Donald Trump, have significantly impacted global trade. One of the most recent cases is Marelli, the main supplier for Nissan and Stellantis, which filed for bankruptcy in the United States due to these tariffs in addition to the challenges posed by the COVID-19 pandemic.

Impact of Tariffs on Companies

- *Increased Costs*: High tariffs have led to increased import and export costs for Marelli, affecting its profitability.

- *Difficulties in Inventory Management*: Unforeseen tariffs created challenges in inventory management and financial planning for the company.

- *Company Bankruptcy*: The combination of tariffs and the pandemic pushed the company into bankruptcy, despite its expectations to continue operations without interruption.

Impact of Tariffs on the Global Economy

- *Increased Inflation*: Tariffs can lead to higher prices for goods and services, which increases inflation.

- *Impact on Supply Chain*: Tariffs can affect the global supply chain, leading to shortages of certain goods and increased costs.$BNB