Part 4/9:
Trump’s assertion that these tariffs wouldn’t burden consumers has been challenged by experts who contend that tariffs are effectively a tax imposed on American firms importing goods. As several economists, such as Iraj Abidian, suggest, implementing such a high tariff could lead to increased inflation, reduced growth, and socioeconomic unrest within the United States. This scenario may lead to an escalation of trade tensions, fundamentally impacting not just U.S. consumers but also international economic relations.