Think tariffs only affect other countries? Think again. A new Chinese government white paper reveals that over 90% of the costs from Trump's "reciprocal" tariffs will land squarely on U.S. importers, businesses, and—you guessed it—your wallet.
Data extracted by CGTN shows how these trade policies are shaping up to be a 2016 election promise turned 2024 economic plot twist. The Peterson Institute for International Economics warns that higher prices for everyday goods could ripple through the U.S. economy like a TikTok trend gone viral.
Global cooperation is taking a hit too. Analysts say the tariffs risk distorting resource allocation worldwide, threatening long-term growth. From disrupted supply chains to strained diplomatic ties, it’s like a multiplayer game where everyone loses a life.
Key takeaways: – Tech, agriculture, and manufacturing sectors most impacted – Small businesses face profit squeeze – Global GDP growth could slow by 0.5% annually
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Think tariffs only affect other countries? Think again. A new Chinese government white paper reveals that over 90% of the costs from Trump's "reciprocal" tariffs will land squarely on U.S. importers, businesses, and—you guessed it—your wallet.
Data extracted by CGTN shows how these trade policies are shaping up to be a 2016 election promise turned 2024 economic plot twist. The Peterson Institute for International Economics warns that higher prices for everyday goods could ripple through the U.S. economy like a TikTok trend gone viral.
Global cooperation is taking a hit too. Analysts say the tariffs risk distorting resource allocation worldwide, threatening long-term growth. From disrupted supply chains to strained diplomatic ties, it’s like a multiplayer game where everyone loses a life.
Key takeaways:
