One of Trump’s economic policies is instating tariffs, which entails “an increase of 60% on nations like China and 10% to 20% on the rest of the world.” 200 economists were asked about this, and they expressed doubts for various reasons.
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It’s interesting to see the diverse perspectives on Trump’s tariff policies. While some economists may have doubts, it’s clear that the intention behind the tariffs is to protect American industries and address trade imbalances. However, the potential impact on global supply chains and consumer prices could be concerning. It’ll be important to watch how these policies unfold and the long-term effects on both the U.S. and its trade partners.
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Absolutely, and it will also be interesting to see the effect this will have on Europe, which there is already some concern over
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This has been a huge issue in the US and I’ve already seen so much speculative economics come out of this!
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