Think inflation is bad? Croatian economist Petar Vuskovic says Donald Trump's new tariffs could be the spark that sets the global economy on fire. 🔥 In a fiery interview with N1 TV, he warned these policies threaten to deepen market chaos, fuel layoffs, and hike prices worldwide — with Croatia already feeling the heat.
"This isn't a 'what if' scenario — the economic storm is here," Vuskovic declared, pointing to plunging stocks 📉 and panicked investors. He compared the fallout to the COVID-19 crisis but warned: "Now it's worse. Workers, businesses, even governments are at risk."
While Croatia exports €587M ($642M) in goods to the U.S. annually — including wines 🍷, machinery, and pharmaceuticals — Vuskovic says tariffs could squeeze producers and send prices soaring for everyday items like electronics. 💻
Globally, markets are reeling: Europe's stocks just suffered a 4-day losing streak, while the S&P 500 dropped for a third straight day. Critics argue Trump’s "defense" of U.S. trade will backfire, hitting working-class wallets hardest. 💸
With tensions rising and recession alarms blaring 🚨, the world watches to see if this tariff gamble becomes a full-blown economic crisis. Stay tuned as we track the domino effect.
