Trump’s tariffs and policies bring at risk of American economy: Executive Director of Consumer Technology

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According to President Donald Trump and administration leaders, the tariffs on imported goods are like a cure: in the short term, outraged, but important for the long -term health of the American economy. In fact, US Minister Scott Bessent said that the economy can enter the “detox period” in the midst of a reduction in consumption and transition to more domestic production. But will short -term pain bring real benefits to our country?

The survey shows that Americans are skeptical. February markedthe biggest monthly fallIn the confidence of consumer from the Coid, and he continued in March. In arecent researchfrom Wells FargoTwo -thirds of Americans said they were reduced by consumption, and almost half reported to putting life plans on waiting. The decline in the portfolio on the stock market and the burma from bad economic news stimulates the tightening of the belt by consumers and businesses.

These concerns also damage US companies. As demand declines, the confidence of the executive hasfell dramatically. Again and again the imports of imports in combination with hostility from Trump towards our closest allies, retaliation and strong dollars make it more expensive to make and sell goods. They are CanadianscuttingOn a trip to the United States, and one Main CEO of Air Force Companies told me that the incoming reservations of travel to the United States reduce over 10%. For me and many Americans, it is sad to see Trump turning our closest friends. Moreover, this means that US hotels, restaurants and shops will lose foreign visitors. These visitors are important because they add our economic coffers and require scarce government services.

The emotional impact of Trump’s policies also shapes our national mood and optimism, limiting investment and consumption. It is not surprising that Americans arecuttingand on their holiday plans. The vision of President Ronald Reagan on a “great city on a hill” crossed on Trump’s vision of America as an isolated castle with an iron curtain, despite a goal in the pocket book of millions of Americans.

If Trump comes from his promise to add additional tariffs, expect our economy and national mood to get worse. Tariffs are consumers tax. They increase prices, pushing inflation. It cannot be done in the United States and should not be everything. Ultimately, we use the cheap goods of wide consumption made elsewhere. Whether it is cars or electronics, food or factory equipment, we rely on efficiency and lower global store prices to make prices low for US consumers and companies.

This approach releases Americans to do what we do best: inventing, creating and producing some of the world’s most innovative products. Unfortunately, the tariffs on the introduction of damage to American manufacturers. The data is irresistible that the tariffs imposed on Celik and Aluminum have created several thousand jobs in these industries during Trump’s first term, but have increased the costs and injured hundreds of thousands of American workers in industries used by these products. Finally, these tariffs, along with the others Trump imposes, will cost US consumers together billions, if not trillion in higher prices.

The doubling of the tariff also risks “stagflation”, a combination of growing prices (inflation) and slowing economic growth (stagnation). Larger tariffs are already creating “cost shocks” for companies, which will be transferred to the consumers for many. At the same time, reduced consumer consumption and business investments due to economic uncertainty slow down growth. The Stagflac environment would be bad for everyone, but especially Americans with medium and lower incomes who could afford more prices and disorder of lost work.

Allowing uncertainty about tariffs to pull for weeks and months will continue to harm Americans and our economy. For our country, President Trump should strategically use his influence with our trade partners and find a fast ramp. This could include the announcement of major investments in the US-based factories, supporting a long-term transition to multiple domestic production. The off-ramp would also allow him to switch to low interest strategy and give Americans what they voted for in November: lower prices and cooler inflation that can initiate economics, investment and construction, encourage growth and reduce interest payments to state debt. No time to wear.

Opinions expressed in Fortune.com are just the views of their authors and do not necessarily reflect the opinions and beliefs of wealth.

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