'Off the charts:' How Trump tariffs would shock U.S., world economies
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Donald Trump proposes significant tariff increases, including 10-20% on all imports and up to 60% on Chinese goods; these tariffs could lead to higher consumer prices, stock market volatility, and international trade disputes; Trump's plans could generate 3 million jobs but also raise costs for U.S. households by $2,600 to $7,600 annually; economists warn of potential economic disruption and retaliatory tariffs from other nations; Trump's tariffs would violate WTO commitments and could lead to a contraction in the S&P 500 by over 10%; the article cites a Reuters-Ipsos poll showing over half of voters support tariffs.
#Trump #Tariffs #Economy #Trade #Inflation #StockMarket #Jobs #InternationalRelations #Wto #ConsumerPrices
https://www.washingtonpost.com/business/2024/10/16/trump-tariffs-impact-economy/
The Washington Post /
npub1nw…97m8h
2024-10-16 10:52:51
Author Public Key
npub1nwad78hejfewj63p264uf2sxh0a5az753pw7auscrlupefjtr27sp97m8hPublished at
2024-10-16 10:52:51Event JSON
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"content": "'Off the charts:' How Trump tariffs would shock U.S., world economies\n==========\n\nDonald Trump proposes significant tariff increases, including 10-20% on all imports and up to 60% on Chinese goods; these tariffs could lead to higher consumer prices, stock market volatility, and international trade disputes; Trump's plans could generate 3 million jobs but also raise costs for U.S. households by $2,600 to $7,600 annually; economists warn of potential economic disruption and retaliatory tariffs from other nations; Trump's tariffs would violate WTO commitments and could lead to a contraction in the S\u0026P 500 by over 10%; the article cites a Reuters-Ipsos poll showing over half of voters support tariffs.\n\n#Trump #Tariffs #Economy #Trade #Inflation #StockMarket #Jobs #InternationalRelations #Wto #ConsumerPrices\n\nhttps://www.washingtonpost.com/business/2024/10/16/trump-tariffs-impact-economy/",
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