Whatever will happen, will happen. Heaven or Hell—everyone will experience it soon.

The tariffs imposed by President Trump in 2025 have significant implications for both the U.S. economy and global trade relations.
## Impact on the U.S. Economy
1.
Inflation and Consumer Prices: Tariffs are expected to increase inflation by raising the cost of imported goods. This could lead to higher consumer prices, affecting household budgets and potentially reducing consumer spending[1][3].
2.
Economic Growth: The tariffs are projected to reduce U.S. GDP growth. For instance, J.P. Morgan Research has lowered its estimate for 2025 real GDP growth due to trade policy uncertainty and the effects of existing tariffs[2]. The Tax Foundation estimates that tariffs could reduce long-run GDP by 0.2%[4].
3.
Employment and Business Confidence: Tariffs may lead to job losses and decreased business confidence. The Tax Foundation estimates that previous tariffs resulted in the loss of 142,000 full-time equivalent jobs[4]. Additionally, heightened trade policy uncertainty can weigh on capital spending and business activity[2].
4.
Retaliation and Trade War Risks: The imposition of tariffs increases the risk of retaliatory measures from other countries, which could further harm U.S. exports and manufacturing output[1][4].
## Impact on Global Trade Relations
1.
Trade Tensions and Global Recession Risk: The tariffs have heightened tensions in global trade, increasing the risk of a global recession. J.P. Morgan Research now sees a 40% risk of a global recession due to U.S. trade policy[2].
2.
Global Economic Impact: A universal 10% rise in U.S. tariffs, accompanied by retaliation from major trading partners like the euro area and China, could reduce global GDP by about 0.5% through 2026[2].
3.
Trade War Dynamics: The reciprocal tariffs announced by Trump are likely to exacerbate trade conflicts, potentially leading to a broader trade war. This could disrupt supply chains and affect global economic stability[5][8].
4.
Shifts in Trade Partnerships: The tariffs may prompt countries to seek alternative trade partners, potentially altering global trade dynamics and reducing U.S. influence in international trade[9].
Overall, the tariffs are likely to have far-reaching consequences for both the U.S. economy and global trade relations, with potential impacts on inflation, economic growth, employment, and international trade dynamics.
sources:
[1]
Which products will be affected by tariffs? Here's what Trump's "Liberation Day" could make pricier.
[2]
US Tariffs: What’s the Impact? | J.P. Morgan Research
[3]
https://thoughtleadership.rbc.com/what-is-the-impact-of-tariffs-on-the-us-economy/
[4]
Tracking the Economic Impact of the Trump Tariffs
[5]
https://www.nbcnews.com/business/bu...iffs-market-reactions-live-updates-rcna199172
[6]
Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits
[7]
What Are Tariffs?
[8]
https://www.cnn.com/politics/live-news/trump-tariffs-news-04-03-25/index.html
[9]
https://news.uchicago.edu/story/how...who-will-they-impact-uchicago-experts-explain