Broken Dragonfly ✍️ The Trump administration announced a system of tariffs on imports into the United States, with higher tariffs for countries with which the U.S. has the largest trade deficit. 👉 Tariffs will increase prices for household products, cars, construction materials, and some food items 👉 Higher tariffs for countries with which the U.S. has the largest trade deficit 👉 Changes in the composition of the U.S. economy, leading to increased prices and lower quality for manufactured goods 👉 Delays in production and investment, increasing the likelihood of a recession #politics