"Trump's Tariff Tactics A Risky Gamble for Skier Professionals in 2025

Title Trump's Tariff Tactics A Risky Gamble for Skier Professionals in 2025

As a skier professional, you're likely aware of the tumultuous trade landscape that has unfolded under President Trump's leadership. In his first term, Trump implemented tariffs on most Chinese goods and other imported products, sparking widespread criticism from economists who advocate for free trade.

However, this time around, the stakes are higher. Trump's plans to impose tariffs on Mexico, Canada, China, and the European Union could have far-reaching consequences for the economy, including higher prices for consumers and a potential increase in inflation.

The Risks of Trump's Tariff Tactics

Economists warn that Trump's tariff tactics this time around could be more damaging than his first-term efforts. The tariffs on Mexico and Canada, expected to take effect in 2025, would likely push up prices for consumers and undermine the economy. Furthermore, the tariffs on China, which have already been implemented, could lead to retaliatory measures from Beijing, further escalating the trade war.

As predicted by Professor Eswar Prasad of Cornell University, this could result in a spiraling trade war of tit-for-tat tariffs and counter-tariffs. The potential consequences are alarming, with businesses, investors, and US trading partners bracing themselves for the potential fallout.

The Impact on Inflation

In his first term, Trump's tariffs did not seem to make much of an impact on inflation. However, this time around could be different. With prices already surging in the unexpected boom that followed the end of COVID-19 lockdowns, Trump's tariffs could rekindle the inflationary trend and convince the Federal Reserve to cancel or postpone interest rate cuts.

This would risk keeping interest rates at elevated levels for a longer period in 2025, pushing up mortgage and loan borrowing rates, and reducing real growth. As Boston College economist Brian Bethune notes, That will push up mortgage and loan borrowing rates... and reduce real growth.

The Uncertainty Ahead

As we wait to see what the unpredictable Trump will do next, businesses, investors, and US trading partners are bracing themselves for the potential fallout. Will he re-impose tariffs on Canada and Mexico after 30 days? Will he really go after the EU? Or make good on his threat of a universal tariff?

Jacobs Ogadi, a 62-year-old mechanic shopping at Harris Teeter supermarket near downtown Raleigh, North Carolina, sums up the sentiment It doesn't take a rocket scientist to know that Trump's tariffs run counter to his promises to rein in inflation. If it goes up 25%, it's not the government, it's not the Mexican people paying for it. Who pays for it? Us.

Conclusion

As skier professionals, we're no strangers to uncertainty and risk. However, when it comes to Trump's tariff tactics, the stakes are higher than ever before. With inflation already a concern and interest rates on the rise, it's more important than ever to stay informed and adapt to the changing landscape.

In the words of Mary Lovely, senior fellow at the Peterson Institute for International Economics, It sends the signal that no place is safe. As we navigate this uncertain environment, it's crucial to remain vigilant and prepared for any potential fallout.

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.