#TrumpTariffs
Roadblock or Revenue? 💰
Former President Trump is reinstating sweeping tariffs:
• 55% on Chinese imports, including rare-earths and fentanyl-linked goods.
• 50% on steel and aluminum, via Section 232    .
🇺🇸 Goal: fund tax cuts and boost U.S. manufacturing—but at a steep cost:
• Higher consumer prices (+2.4% CPI in May) .
• GDP hit (~6% drop over time), lower wages, and risk to jobs .
• Retailers passing the cost on—apparel and electronics priced up 31–40% .
🧩 Now, a fragile truce with China is emerging—but uncertainty remains.
What will matter most: consumer impact or industrial revival?