A prominent economist warns that the U.S. president’s escalating trade policies could impose significant costs on American households, arguing that tariffs and trade restrictions may lead to higher prices for everyday goods. The analysis suggests that consumers could face increased financial strain as global supply chains are disrupted and import costs rise. Experts highlight the potential ripple effects on industries reliant on international trade, raising concerns about broader economic impacts. The debate underscores growing tensions between protectionist measures and their consequences for domestic markets.
LSE professor Ricardo Reis had said the US president’s trade war would hurt American consumers
