📉 A 60% tariff on Chinese imports under a potential new Trump administration would deliver a “heavy blow” to the U.S. economy, according to a bombshell analysis combining Chinese customs data, market share stats, and research from the Peterson Institute for International Economics. The move could spark a full-blown trade war, freezing $575+ billion in annual bilateral trade between the world’s two largest economies.
Agriculture Sector Takes Direct Hit 🌾
The study warns that U.S. agriculture, forestry, and fisheries would face the most severe and prolonged damage – think soybean farmers and Midwest communities still recovering from the 2018-2020 trade war. Other sectors like manufacturing and tech could see supply chain chaos reminiscent of pandemic-era disruptions.
Why This Matters for You 💼
For young professionals and entrepreneurs: stock markets could swing wildly as investors react. Students eyeing global business careers should watch how trade policies reshape job markets. And for travelers? Brace for potential price hikes on everything from electronics to avocados 🥑 if tariffs take effect in 2025.
