U.S. President Donald Trump’s latest tariff proposals have sent ripples through global markets, with economists and business leaders bracing for potential inflation spikes and supply chain disruptions. In a recent CNBC interview, Trump outlined aggressive trade measures targeting China, India, and the EU, including semiconductor and pharmaceutical tariffs that could soar to 250% over 18 months. 📈💊
Trade Wars 2.0?
Trump confirmed new tariffs on Indian goods starting August 7, calling them "reciprocal" measures. He also teased upcoming semiconductor tariffs and hinted at possible progress in U.S.-China trade talks, stating, "We’re getting very close to a deal." But experts warn the moves could backfire. 🔄
Retailers Sound the Alarm
U.S. Senator Rand Paul told The Hill that retailers are already preparing for price hikes as contracts renew this fall. "When input prices rise, consumer goods follow," he said, likening the situation to a "slow-motion domino effect." 🛒💥
While markets remain cautiously optimistic about U.S.-China negotiations, analysts predict turbulence ahead. Will this tariff tango revive 2018-style trade wars—or lead to new deals? Stay tuned. 🕺🌐
