ANALYSIS: Tariffs Will Create Price Disaster for US Consumers
BlockBeats News, 8 April - Wade Bush analysts say the claim that “we can manufacture in the US” underestimates the complexity of Asian supply chains and the way goods have been manufactured for US consumers over the past 30 years. In a research note, the analysts described the latest tariffs as “the biggest meltdown the market has ever seen” because the logic behind them is flawed as it is entirely of Trump's own making.
'The economic pain these tariffs will cause is indescribable, and in the process, the US tech industry could be set back 10 years,' Wade Bush said." (Golden Ten)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: The current Crypto Fear & Greed Index is 29, indicating a state of fear.
Ethereum's net supply increased by 18,469 in the past 7 days
Swiss crypto bank Amina Bank completes DLT settlement test via Google Cloud