💸 Think tariffs only affect other countries? Think again. A new Chinese government white paper reveals that over 90% of the costs from Trump's "reciprocal" tariffs will land squarely on U.S. importers, businesses, and—you guessed it—your wallet.
📊 Data extracted by CGTN shows how these trade policies are shaping up to be a 2016 election promise turned 2024 economic plot twist. The Peterson Institute for International Economics warns that higher prices for everyday goods could ripple through the U.S. economy like a TikTok trend gone viral.
🌐 Global cooperation is taking a hit too. Analysts say the tariffs risk distorting resource allocation worldwide, threatening long-term growth. From disrupted supply chains to strained diplomatic ties, it’s like a multiplayer game where everyone loses a life.
🚨 Key takeaways: – Tech, agriculture, and manufacturing sectors most impacted – Small businesses face profit squeeze – Global GDP growth could slow by 0.5% annually
Want the full picture? Bookmark this space—we’ll keep decoding trade policies so you can stay woke on the economy. 💡✨
