A leading U.S. scholar has sounded the alarm over former President Donald Trump’s latest tariff policy, calling it a potential “economic time bomb” that could drain trillions from markets and destabilize global trade.
David Firestein, CEO of the George H. W. Bush Foundation for U.S.-China Relations, didn’t hold back in a recent interview with China Media Group. He likened the policy’s immediate impact to a Marvel-level disaster flick: $6 trillion vanished from U.S. stocks in just two days—a collapse not seen since the 1929 crash.
Why the panic? Firestein warns the tariffs could:
Boost inflation by raising prices for everyday goods
Trigger job losses as companies slash production
Weaken the U.S. dollar and up recession risks
But it’s not just America’s problem. Firestein argues the move violates key trade deals Trump himself championed, like the United States-Mexico-Canada Agreement. “It’s like dismantling Avengers Tower brick by brick,” he said, referring to the erosion of global trade frameworks built on mutual economic strengths.
As investors brace for ripple effects, young professionals and entrepreneurs are watching closely. Could this reshape global supply chains? Firestein’s verdict: “A self-inflicted wound with global consequences.”
Boost inflation by raising prices for everyday goods
Trigger job losses as companies slash production
Weaken the U.S. dollar and up recession risks
