The article discusses Donald Trump's imposition of tariffs and his optimistic prediction of an economic boom despite widespread pessimism in the market. JP Morgan estimates a 40% risk of recession if the announced tariffs are fully implemented.
Faced with market downturn, Trump claims that the tariff implementation is going well and promises a future economic boom, asserting that the US will receive billions of dollars.
While Trump's advisor JD Vance acknowledges that the benefits will take time, Trump blames "globalists and fake media" for criticism. Four Republican senators opposed Trump, voting to limit his emergency powers to implement tariffs. Concerns were raised about the impact on specific industries and states, with examples such as lobster exports from Maine to Canada.
Economists question the formula used to calculate tariffs, pointing out inconsistencies and illogical consequences. The article highlights the potentially disruptive impact on consumer habits, forcing Americans to change consumption patterns to avoid higher prices on imported goods. The administration's trade strategy focuses on negotiating favorable terms, but the article also notes challenges in selling various US products in the global market.