Impending Trump additional tariffs, is the era of turmoil in the world economy approaching? Companies are fully prepared
November 7, 2024 11:12 JST (excerpt)
Multiple CEOs suggest they are ready to weather President Trump's tariffs.
If the tariffs against China are 60% and a flat 20% tariff, it will have a greater impact than the Smoot-Hawley Act - BE.
Economists' warnings have been clear for several months. It's a warning to "be prepared." If President Trump imposes a series of significant tariffs as promised during the election, economists warn that his comeback could lead the global economy into a historic period of turmoil.
Nevertheless, CEOs, bankers, investors, and even President Trump's advisors have generally brushed off warnings about the negative effects of a flat 10-20% additional tariff on imported goods or even higher levels of additional tariffs against China, as well as the potential for a resurgence of inflation in the United States due to additional tariffs.
Multiple CEOs suggest they are ready to weather President Trump's tariffs.
If the tariffs against China are 60% and a flat 20% tariff, it will have a greater impact than the Smoot-Hawley Act - BE.
Economists' warnings have been clear for several months. It's a warning to "be prepared." If President Trump imposes a series of significant tariffs as promised during the election, economists warn that his comeback could lead the global economy into a historic period of turmoil.
Nevertheless, CEOs, bankers, investors, and even President Trump's advisors have generally brushed off warnings about the negative effects of a flat 10-20% additional tariff on imported goods or even higher levels of additional tariffs against China, as well as the potential for a resurgence of inflation in the United States due to additional tariffs.
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