Trump Tariffs Threaten U.S. Growth and Consumer Prices, Experts Warn

Morgan Stanley warns that Donald Trump's proposed tariffs, including a 10% to 20% blanket tariff on all imports and up to 100% on Chinese goods, could significantly hinder U.S. economic growth by 2026. These tariffs are expected to increase inflation and impact various sectors, such as automobiles and consumer electronics, by raising costs that may be passed on to consumers. The potential economic shock could also affect interest rate policies, with markets possibly ruling out rate cuts for 2025.