Tariffs are the one of the greatest weaknesses of the U.S economy's configuration
Price increases may be the main effect of tariffs. For instance, metal prices are projected to rise, raising the cost of manufacturing inputs. As a result, the cost of items made primarily of metal (such cars and soda) will probably also increase. Consumers may choose to purchase fewer of these pricey products as a result of these price hikes being partially passed on to them. Even a minor trade conflict, let alone a major one, could hinder economic expansion. Despite this, just a small fraction of the world economy is made up of the affected imports right now.
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