Six charts detail the impact of tariffs across the United States, its key trading partners, and American consumers. The data reveals a significant decline in economic activity for both nations. Specifically, trade volumes have decreased substantially, with some sectors experiencing substantial losses. The charts illustrate a widening of the trade deficit and a noticeable reduction in consumer spending due to increased costs associated with tariffs. The administration’s continued stance on these policies continues to be closely monitored by economists and international observers.
Credits: Finance & economics