Part 6/10:
Through simulations and empirical data, economists warned of the potential fallout from a full-scale trade war. Predictions suggested that such measures could disrupt international trade dramatically, forecasting a 43% decrease in U.S. exports and 30% in imports while catalyzing rampant inflation. As prices rose, the average consumer began to feel the pinch; for instance, a pair of shoes that cost $150 could skyrocket to $230 due to soaring tariffs.
Prominent figures such as Elon Musk voiced their frustration, contending that the fallout from Trump's policies marked a significant detriment to businesses across various sectors. Even as he attempted to suspend tariffs temporarily, it was evident that the trajectory of recovery was uncertain.