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Outside the Box
Expect rising prices, summer shortages as tariffs hit the American economy
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U.S. investors misunderstand how important American consumers are to the world. The truth is that outside of food grains, the world can do nicely.
So President Donald Trump’s threatened 50% tariff on products from the European Union, now on pause until July 9, is nothing for Wall Street traders and investors to cheer. Tariffs add costs and logistics bottlenecks to already damaged supply chains. The U.S. isn’t yet experiencing the full impact — but it’s coming.
This post was originally published on Market Watch
