Trump's Tariffs Threaten Global Economic Stability

President-elect Donald Trump's proposed tariffs on imports, particularly from China, are causing widespread concern about potential economic repercussions both in the U.S. and globally. Economists, like Seth Carpenter from Morgan Stanley, warn that these tariffs could significantly hinder U.S. economic growth by 2026 and lead to higher inflation, impacting multiple sectors including automobiles and electronics. While Trump aims to foster a 'manufacturing renaissance' by imposing tariffs ranging from 10% to 60% on Chinese goods, experts warn this could lead to increased consumer prices and strain international trade relations. A Reuters poll suggests that the tariffs could also dampen China’s economic growth by up to one percentage point, exacerbating existing vulnerabilities in their economy. Amidst these developments, market uncertainty persists regarding Trump's economic appointments and their implications for trade policies.