President Donald Trump's proposal to impose 15% tariffs on imports into the United States could have effects far beyond American borders. While the measure is defended as a way to protect American industry, economists warn of significant global impacts.
Tariffs, in practice, function as a tax on imported products. This tends to raise prices for consumers and businesses, putting pressure on inflation. Since many production chains are international, the increased costs in the US could spread to various countries.
Furthermore, there is a risk of retaliation. If other nations respond with their own tariffs, global trade could slow down, affecting exports, jobs, and investments. Countries heavily dependent on the American market would be particularly impacted.
Broad tariff policies increase uncertainty, reduce global growth, and make the world economy less integrated and more expensive for everyone.
Tip:
In the short term, risk assets (such as Bitcoin and equity ETFs) are expected to come under pressure and depreciate.
Gold is a safe investment during times of crisis and will appreciate significantly in value.
Silvio Guerrinha
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