Chartbook • 1473 implied HN points • 02 Dec 24
- Trump's new trade strategy might lead to higher tariffs, which could raise prices for consumers. It’s planned to increase average tariffs from 2.6% to around 8% by 2026.
- Certain industries, especially car companies and food importers, could be hit hard by these tariffs. This could lead to increased car prices and food shortages.
- The success of Trump’s trade policy depends on balancing the interests of trade and public opinion. If people react negatively, it could limit how far he can go with these new tariffs.