Editor’s Note
This article examines the far-reaching implications of proposed new tariffs, highlighting the compounded challenges for global industries already grappling with economic headwinds.
Broad Impact Across Industries
President Trump’s newly proposed additional tariffs are set to impact nearly all industries worldwide. Companies already suffering from weak demand and inflationary pressures are facing an unprecedented crisis.
Consumers to Bear the Brunt
Warnings from the business community indicate that the biggest victims will be American consumers. Prices are expected to rise for all kinds of goods, from apparel by German sportswear giant Adidas to Mexico’s “Modelo,” which leads U.S. beer sales.
