As President Donald Trump continues to push his aggressive tariff policy, Americans are bracing themselves for potential economic consequences. With tariffs imposed on Canada, Mexico, China, and threats of tariffs on the European Union, experts are warning that US consumers could soon feel the pinch.
Rüdiger Bachmann, Professor of Economics at the University of Notre Dame, explains the possible impact of Trump’s tariff policy on US consumers. The increased costs on imported goods could lead to higher prices for American consumers, ultimately resulting in a decrease in purchasing power and potential inflation.
Bachmann also discusses how Germany, a key trade partner of the US, might react if faced with tariffs. With both countries heavily reliant on trade with each other, the imposition of tariffs could lead to a trade war that would have negative repercussions for both economies.
DW Correspondent Max Zander reports on how Americans are perceiving Trump’s tariff policy. With concerns over rising prices and potential job losses in industries heavily reliant on imports, there is growing unease among the American population.
As Trump’s tariff policy continues to provoke trade tensions on a global scale, the question remains: what kind of “pain” will Americans face as a result of these tariffs? Only time will tell as the effects of these trade policies unfold.
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Video “What kind of 'pain' could Americans face as Trump's tariffs provoke trade war? | DW News” was uploaded on 02/03/2025 to Youtube Channel DW News