Trump’s Trade War May Still Tank The Economy
www.huffpost.com
The U.S. still has higher import taxes than the ones that deepened and locked in the Great Depression, even after Trump's partial backtrack on Wednesday

Summary

Despite a temporary pause on some tariffs, economists warn Trump’s trade war continues to pose serious risks to the U.S. economy.

Current import taxes now exceed levels seen during the 1930s Great Depression. A Yale analysis estimates a $2.4 trillion tax increase over 10 years, costing households $4,400 more.

Tariffs on Chinese imports have reached 145%, driving up prices and investor anxiety. Markets briefly surged after Trump’s announcement but quickly fell again.

Critics highlight Trump’s deep misunderstanding of trade mechanics and fear long-term economic damage from persistent uncertainty.

  • Joncash2@lemmy.ml
    4·
    3 days ago

    Sort of? Bonds will be safer, however it also is incredibly dependent on the forward inflation. The flation part of stagflation. If inflation outstrips your bond’s interest, you’re still losing money. So bonds are way safer than other assets, but sadly in this kind of a situation not really safe either.

      • Joncash2@lemmy.ml
        3·
        3 days ago

        That’s not a bad way to put it. Yes, and bonds will sink slower. It just still will sink. I mean, if I were investing at all, it’d be in bonds. However, I’m not going to pretend it’s safe either.