Trump's Tariff Threat: A Recipe for Economic Disaster?

President Trump's plan to impose sweeping tariffs on Mexico, Canada, and China represents a significantly more aggressive trade policy than his first term.  This gamble risks substantially increasing consumer prices, disrupting the stock market, and potentially triggering a trade war. Economists warn of negative consequences, including higher inflation and slower economic growth. Unlike his first term, these tariffs are being implemented during a period of high inflation, making the potential economic fallout even more severe.  The tariffs target key sectors like automobiles and agriculture, threatening significant price increases for consumers. While the White House downplays the risks, experts express deep concern, particularly about the impact on the closely integrated North American economy. The Federal Reserve's response will be crucial, as higher inflation could necessitate continued interest rate hikes, further hindering economic growth.  The overall strategy is considered highly risky, even by some within the administration.