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Trump Says New Tariffs Will Not Hurt the Economy, But What Will Be the Impact on the World Economy? ✨
Following the statement that new tariffs will not harm the US economy, attention is now focused on the global impact.
🔹 Tariffs directly increase import costs, which are primarily reflected in importing companies and then in consumer prices.
🔹 Export revenues decrease in countries subject to tariffs, putting pressure on production and employment.
🔹 Global supply chains are being reshaped, companies are turning to alternative production centers, and this transition process creates increased costs in the short term.
🔹 World trade volume is shrinking, growth forecasts are being revised downwards, and economies particularly dependent on exports are becoming more vulnerable.
🔹 Counter-tariffs create a retaliatory cycle, pushing inflation upwards and making central banks' interest rate policies more difficult.
🔹 In the long term, it is possible to support domestic production in some sectors, but in the short and medium term, uncertainty and volatility are increasing for the global economy.
#SummerCreationCamp #夏日创作营 NFA ✔️ DYOR 🔎