Donald Trump signed an order to impose tariffs on goods from China, Canada, and Mexico, which could trigger inflation and market instability. These tariffs pose a significant risk to the economy, as they could raise consumer prices and provoke a trade war. Economists are concerned that the tariffs could slow down the economy and increase inflation, especially in sectors like the automotive and oil industries. Analysts warn that these measures could lead to a stagflation shock and increased volatility in financial markets.
Trump’s tariffs could raise prices and hurt the economy.
