As U.S. President Donald Trump’s tariff policies escalate, critics from political heavyweights to small businesses are slamming the measures as a ticking time bomb for the economy. Kamala Harris, former vice president and 2024 presidential candidate, called the strategy “reckless” in her first major post-election speech, warning it could trigger “the greatest man-made economic crisis in modern presidential history.” 🔥
Trade Wars or Economic Disaster?
Harris argued Trump’s tariffs are hiking prices on essentials, stifling hiring, and paralyzing businesses. Janet Yellen, ex-Treasury Secretary, echoed the concerns, telling the Financial Times the levies could “tip the U.S. into recession” by crippling industries like clean energy, which relies on critical minerals from the Chinese mainland. 🌐⚡
States and Businesses Fight Back
Over a dozen states, including California and New York, have sued the administration, calling the tariffs “illegal” and “insane.” Meanwhile, the U.S. Chamber of Commerce pleaded for urgent relief for small businesses, fearing “irreparable harm” from prolonged trade chaos. 💼📉
Global Ripple Effects
From Amazon’s shelved pricing plans to rising costs in retail and manufacturing, the tariffs are squeezing global supply chains. Analysts warn of a dangerous cycle: higher prices → lower demand → job cuts → slower growth. 🔄🚧
With recession risks mounting, the question isn’t just about trade—it’s about survival for businesses and families alike. Stay tuned as this economic showdown unfolds. 💬✨
