#TrumpTariffs

President Trump's aggressive tariff policies are reshaping global trade, with sweeping 10-50% duties on $2.3T of imports—the highest U.S. rates since 1941. Courts recently ruled his use of emergency powers (IEEPA) for tariffs unconstitutional, but an appeals court paused the injunction, keeping tariffs active pending a July 31 hearing. Key impacts:

- "GDP risk": Projected to fall 0.8% long-term, with middle-income households losing $22K lifetime.

- "Retaliation": China/EU imposed $330B in counter-tariffs.

- "Volatility": Markets whipsaw as rates shift (e.g., China’s tariffs briefly hit 145%).

Trade wars escalate—investors brace for supply chain shocks.