#TrumpTariffs represent an aggressive commercial strategy that seeks to renegotiate agreements and protect the domestic industry. While its proponents argue that they promote local manufacturing and correct trade imbalances, critics warn about the costs. A recent analysis by JPMorgan Chase Institute suggests that tariffs could cost U.S. employers billions of dollars, which could translate into higher prices for consumers, layoffs, or lower profit margins. Additionally, they create uncertainty in global markets and provoke potential retaliation, affecting international trade relations.
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