The Trump administration’s recent wave of unilateral tariff hikes, targeting imports from China and other trading partners, has triggered cascading disruption across American industries and households.
Basic groceries, including eggs and dairy products, have seen prices surge due to tariffs. Auto repair shops face shortages of aftermarket components. Bridal retailers are struggling with soaring costs and delays, as over 90% of US wedding dresses are imported from China.
Paradoxically, Chinese cross-border e-commerce platforms have gained popularity among US consumers who are turning to these online marketplaces to direct purchases from Chinese manufacturers.
Mounting evidence reveals the tariff squeeze is backfiring in unexpected ways. In our digitally integrated global economy, unilateral tariffs not only harm domestic interests, but also ultimately leave all parties worse off.
