According to ChainCatcher, recently, Ganni Bedos, the editor-in-chief of The Economist, stated that the United States' substantial tariff increases are essentially "committing suicide". The U.S. government has changed, and the new administration is implementing a so-called revolutionary plan to reshape U.S. foreign policy, completely transform the American economy, and attack independent institutions, law firms, universities, and the Federal Reserve Chairman. This has led to massive geopolitical impacts, but most importantly, the enormous economic shock in the form of tariffs is also a significant self-inflicted wound.
He believes it is undeniable that the current U.S. government has chosen an economic path of significantly raising tariffs, which almost all economists would say is completely self-defeating. Regardless of what is heard, this is a tax on consumers, which is likely to cause the economy to fall into recession. More importantly, it is eroding investors' confidence in the U.S. dollar.
