Tariff Turbulence: Economic Implications

This chapter explores the potential consequences of proposed blanket tariffs on U.S. trading partners, drawing comparisons to the tariff policies of the 1930s. It examines the uncertain effects on inflation, recession possibilities, and evolving trade dynamics between the U.S. and Europe, particularly in the automotive sector. The discussion highlights the need for stronger domestic economies amidst changing investor sentiments and potential market disruptions.