Editor's note: The United States' recent announcement of a new round of tariffs policies has sparked strong criticism, with experts warning that US consumers will be 'hammered' heavily by it and bear the brunt of the costs. Let's see what the opinion-shakers say.
A screenshot from the official website of CNN. [Image/edition.cnn.com]
American consumers will be 'hammered' by tariffs on many everyday items such as bananas, coffee, wine, electronics, textiles and footwear, said CNN correspondent Tom Foreman.
A screenshot from the official website of CNN. [Image/edition.cnn.com]
This disruption could lead to market instability, job losses, halted investments and potentially trigger a recession, warned Richard Quest, anchor and correspondent of CNN Business editor-at-large, reacting to the Trump administration's defense of the tariffs, which have caused US stock prices to plunge.
