politics

The tariffs that Trump is set to impose today are expected by Goldman Sachs to reduce economic growth by 0.5% and increase household costs by 3%.

Additionally, despite the worsening trade deficit, retaliatory actions by other countries could significantly deepen the trade balance deficit.
https://us.cnn.com/2025/04/02/business/liberation-day-trump-tariffs/index.html

Among all the scenarios I expected where Donald Trump would impose tariffs on other countries, this was the worst one…

It's funny 🤣, The new tariffs have been imposed based on the trade balance deficit rate.

It's funny 🤣, The new tariffs have been imposed based on the trade balance deficit rate.
https://www.wsj.com/economy/trade/tariffs-canada-china-mexico-explained-4d053ab7