
Trump’s broad tariffs go into effect, just as economic pain is surfacing
President Donald Trump has started imposing higher import taxes on goods from over 60 countries, including the European Union, Japan and South Korea. These tariffs, which began Thursday, are part of Trump’s strategy to reduce the trade deficit and encourage foreign investment in the U.S. However, the economic impact is already visible, with signs of stalled hiring, rising inflation and declining home values. Despite the uncertainty, Trump remains optimistic about economic growth, while many experts warn of potential long-term damage.