**Trump’s Tariff Turmoil: A High-Stakes Gamble Shaking the Global Economy**

President Trump’s aggressive tariff policies—including a **10% baseline on all imports**, **50% on EU goods** (effective June 1), and **125% on China** (now paused at 30%)—are sparking inflation, trade wars, and economic uncertainty . Key impacts:

1. **Consumer Pain**: Walmart, Mattel, and Ford warn of price hikes as tariffs squeeze supply chains. Apple faces a 25% tariff threat unless it shifts iPhone production to the U.S. .

2. **Economic Fallout**: The Penn Wharton model predicts a **6% GDP drop** and **5% wage cuts** long-term, with middle-class households losing $22K lifetime income .

3. **Global Retaliation**: The EU preps **$108B in counter-tariffs**, while China’s temporary truce remains fragile. Experts warn tariffs on EU industrial imports could backfire, raising U.S. manufacturing costs .

4. **Political Gamble**: Trump claims tariffs will “reshore jobs,” but critics argue they’re a **$1,400/year tax hike per household**, with low-income families hit hardest .

**Why It Matters**: The policies risk stagflation, supply chain chaos, and a fractured global trade system. With deadlines looming (EU tariffs: June 1; China talks: August), the stakes have never been higher .