Fortune: Trade partners have realized America is ‘simply not reliable’ after Trump’s tariff regime, says Elizabeth Warren—believing impact will be felt for generations to come

Economists are split on how damaging President Trump’s tariff agenda may turn out to be. Some are worried it will boost inflation, while others argue a universal 10% hike to imports introduced months ago have barely blipped in inflation data.

Indeed, markets have now generally begun to look through the tariff back and forth, and are less concerned by the ultimate fallout than earlier in the Trump 2.0 administration. Goldman Sachs, for example, wrote this week that even a 15% universal tariff rate would result in only a 1.3pp increase to the effective tariff rate overall.

…

Read the full story here.

• Print
• Email
• Tweet