Trump Tariffs Fuel Recession Fears, Soaring iPhone Prices
Trump tariffs are undeniably fueling fears of a global trade war, a potential recession, and, perhaps most strikingly, a $2,300 iPhone. The retaliatory tariffs announced by China, coupled with the significant European market drop, paint a grim picture of the immediate economic fallout. The opening bell on Wall Street is anticipated to reflect this turmoil, promising a turbulent start to the trading day.
The worry isn’t just about the immediate impact of increased prices; it’s about the lasting damage. Once prices rise significantly, they tend to stay high. Even if tariffs are eventually lifted, companies are unlikely to revert to previous price points.… Continue reading
Matt Underwood