Summary

Donald Trump’s plan to impose sweeping tariffs on goods from Mexico, Canada, and China is raising alarm among U.S. businesses, which warn it could trigger price spikes and inflation.

Firms in industries like apparel, manufacturing, and food production fear disruptions similar to the last trade war under Trump, when retaliatory tariffs hurt exports and supply chains.

Critics argue tariffs won’t effectively reshore production or reduce the trade deficit and could lead to runaway inflation, economic instability, and consumer cost increases.

  • krashmo@lemmy.world
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    22 days ago

    Given what we’ve witnessed recently this seems like a lot of misplaced faith in the ability of American voters to make rational decisions.

    • WoodScientist@lemmy.world
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      21 days ago

      One trans person will commit a misguided act of violence in a protest against anti-trans laws. All price increases from then on are blamed on transgender terrorist cells targeting the supply chain.