$BTC TrumpTariffs Economic Risks and Trade Tensions

Since returning to office, former President Trump has imposed sweeping tariffs—*10% on most imports and up to 145% on Chinese goods—aiming to boost U.S. manufacturing. However, economists warn of long-term GDP declines (0.6–6%), higher consumer costs (apparel up 17%, cars $4,000 pricier), and regressive impacts on low-income households. Global retaliation has hit $330 billion in U.S. exports, with China slapping 125% tariffs on agriculture and the EU targeting American tech.