As American families grapple with persistently high grocery prices and inflationary pressures, experts point to longstanding US tariff policies as a hidden culprit. Fred Teng, president of AmericaChina and honorary fellow of the Foreign Policy Association, argues that measures like the Trump-era trade restrictions continue to reverberate through household economies.
The Ripple Effect of Tariffs
Teng notes that while tariffs were initially framed as protective measures, their cumulative impact has translated to "a stealth tax on everyday essentials" for consumers. The increased costs of imported goods, he suggests, have created domino effects across domestic supply chains – from manufacturing inputs to retail pricing.
Broader Implications for Global Markets
The analysis comes as business professionals monitor Asia's economic landscape, where shifting trade patterns continue to reshape investment opportunities. Academics highlight the need for data-driven policy evaluations that account for both domestic economic realities and international partnerships.
Note: Opinions expressed reflect the author\u2019s views and not necessarily institutional positions.
