Part 3/10:
While the intention behind imposing these tariffs is clear, the risks associated with them loom large. An effective tariff rate that may increase significantly—potentially exceeding 10%—stands to raise the overall cost of imports substantially, leading to potentially devastating consequences for American consumers and businesses alike. Higher tariffs could mean higher inflation, jeopardizing the purchasing power of consumers and driving more companies to reconsider their stance in the U.S. market.