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BNP Paribas Economist Highlights U.S. Economic Damage from Tariffs
On April 10, 2025, a report by a renowned economist at BNP Paribas sparked controversy over the economic implications of U.S. tariffs. The study emphasized how import-dependent industries are shouldering increased costs due to the imposed levies on Chinese goods, further exacerbating consumer pricing and reducing competitiveness for American manufacturers.
In response to this assessment, industry experts have expressed concerns regarding the long-term repercussions of these tariff policies. The U.S. Chamber of Commerce has echoed similar sentiments, advocating for revised trade policies.
Historical data highlights that U.S. tariffs can create escalating trade tensions and unfavorable outcomes in bilateral relationships. Conversely, easing or eliminating these tariffs could prompt immediate economic relief and revitalize competitiveness.
It is essential to reevaluate the efficacy of the current tariff regime amid rising global concerns over retaliatory measures from affected nations such as China. Moreover, preliminary data indicates a potential 6% decline in global trade volumes if the current situation persists.
Source: https://www.kanalcoin.com/u-s-tariffs-economic-impact-bnp/
