Donald Trump's recent statement attributing the US stock market's strength to tariffs has sparked debate. He claims tariffs have contributed positively to market performance, highlighting economic growth and a robust stock market, with indices like Dow Jones, Nasdaq, and S&P 500 reaching record highs.
However, experts argue tariffs can have mixed effects, potentially hurting consumers and businesses through higher prices and disrupted supply chains. The impact of tariffs on specific sectors is varied, with some like steel and industrial materials benefiting, while others like automotive and technology face challenges.¹ ² ³
What do you think about the potential long-term effects of Trump's tariff policy on the US economy and global trade?