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.

  • WhatAmLemmy@lemmy.world
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    8 hours ago

    Trumps trifecta could be a blessing in disguise, in that if the GOP continued moving as slow and calculated as they have for the last 50 years, Americans will remain the frogs sitting in the proverbial boiling pot… However if Trump is as insolent and ignorant as he appears to be, his reckless stupidity could insta-tank the economy and send the cost of living through the roof.

    Obviously MAGA are too mentally ill to admit they’re mentally ill, but it could shock the other 80 million adults, who stayed home in November, into action.

    Likewise, if they move too aggressively with the authoritarian end goal of project 2025, they risk triggering armed resistance and civil war.

    • krashmo@lemmy.world
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      5 hours 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.