According to Mars Finance, recently, the editor-in-chief of The Economist, Zanny Beddoes, stated that the significant increase in tariffs by the United States is essentially “self-destructive.” The U.S. government has changed, and the new administration is implementing a so-called revolutionary plan to reshape U.S. foreign policy, completely change the U.S. economy, and attack independent agencies, law firms, universities, and the chairman of the Federal Reserve. This has led to significant geopolitical shocks, but most importantly, this enormous economic shock manifested in the form of tariffs is also a huge self-inflicted injury. He believes it is undeniable that the current U.S. government has chosen an economic path of drastically increasing tariffs, and almost all economists would say this is entirely self-defeating. Whatever is heard, this is a tax on consumers, which is likely to push the economy into recession. But more importantly, it is eroding investor confidence in the dollar.
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