Let's take a look at how Trump' tariffs will sink the entire American auto industry. Trump tariffs could prove nearly as harmful to U.S. auto market as Lehman collapse and COVID outbreak, warn S&P forecasters https://fortune.com/2025/04/15/trum...an-collapse-covid-outbreak-warns-forecasters/
This is just the beginning. Tariff Fallout Begins: Major Companies Slash Thousands of Jobs Citing Rising Trade Tensions https://www.barchart.com/story/news...housands-of-jobs-citing-rising-trade-tensions
Trump's tariffs will hurt the U.S. economy worse than other economies. US growth forecast to be hit hardest from tariffs, IMF says https://www.bbc.com/news/live/c4g2l654dket IMF cuts growth forecasts with US given biggest downgrade The International Monetary Fund (IMF) has cut its economic growth forecasts for 2025, saying an increase in tariffs and uncertainty will lead to a "significant slowdown". In its latest global outlook, the IMF predicts the global economy will grow by 2.8% this year, down from its previous forecast of 3.3%. The US has been given the biggest downgrade among advanced economies - growth there is now expected to be 1.8% this year, down from its previous estimate of 2.7%. And the UK’s growth forecast for 2025 has also been cut - down to 1.1% from the previous prediction of 1.6%