In a fiery campaign-style speech, former President Donald Trump announced a 55% total tariff on all Chinese imports if he returns to office, labeling China as “the greatest economic threat to America since the Cold War.”
This announcement sent shockwaves through Wall Street, with markets reacting cautiously. The Dow dipped 0.6% while tech-heavy Nasdaq posted mixed results.
Economists warned that such aggressive trade policies could spike consumer prices and worsen global supply chain disruptions.
But Trump supporters cheered: “This is the America First agenda on steroids,” one rally-goer declared.
Inflation is currently at 2.4%, but analysts predict this figure could rise significantly if the tariffs are enacted.
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