The recent changes to trade policies has put the economy in some trouble. the stock market has taken a hit and its put both businesses and their consumers in a difficult position due to the rising prices. "If the NYSE or the NASDAQ or the S&P 500 tank, the pain will be far more palpable than a lot of people realize." not just because average, working people's 401ks will be wiped out, with the new tariffs in place prices all across the board will rise due to the increase in price to producers. It will be interesting to see what happens as time passes. The economy may not be able to handle the amount of stress that is being forced on it.
https://www.usnews.com/opinion/articles/2018-02-23/trumps-dangerous-free-trade-policies
1 comment:
These trade war that Trump might be causing by imposing tariffs on steel and aluminum and saying that he could add more to the list of European cars only causes a little group of people to benefit from this, but the great majority of the society will be affected because prices are going to go up. Also, this could even cause that in the long run, the economy gets in trouble because these increase in prices might cause too much inflation that could end up with a lot of problems. But at this point, we can only speculate what would happen, and only in time, we will see what happens if he imposes these tariffs.
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