What Trump’s Threatened Tariffs May Mean for the World
In this Bloomberg Originals mini-documentary, we explore how tariffs work as well as the potential benefits and hazards that come with them.
US President Donald Trump’s tariff plans were a cornerstone of the economic agenda he touted during his 2024 campaign. Styling himself as a 21st century “tariff man,” he pledged among other things to slap a 60% tariff on goods from China, claiming he can raise revenue and protect US industries in the process.
Companies and businesses around the world are bracing for the Republican’s sweeping actions and their consequences, which many economists warn include reignited US inflation and upended supply chains. In this Bloomberg Originals mini-documentary, we explore how the imposition of new and bigger tariffs than those in Trump’s first term could affect different countries and regions, and what US industries might benefit or become collateral damage.