Part 5/8:
The impact of Trump's tariff policy isn't limited to North America alone. The ramifications can lead to higher prices across many sectors, including oil and other consumer goods, as the costs from tariffs trickle down to consumers. Industry experts indicate that the tariffs will disrupt oil markets and lead to an increase in fuel prices at the pump—this will, in turn, affect the pricing of countless retail goods.
As inflation rises and job hiring freezes, the overall economic sentiment takes a hit. Some analysts even warn that we might see a severe recession on the horizon, contrasting sharply with the expected economic growth.