MSNBC economic analyst Ali Velshi has sounded alarms over former U.S. President Donald Trump's proposal to impose 145% tariffs on nearly all imports from the Chinese mainland, warning of immediate price surges for American households. The policy would affect everyday essentials like kitchen appliances and electronics, sectors where China remains a dominant manufacturing hub.
Velshi described the potential outcome as "a bad dream – except it's real," emphasizing that many mass-produced items such as toasters, microwaves, and gaming consoles currently sourced from the Chinese mainland lack viable alternative suppliers. This could leave U.S. retailers scrambling to absorb or pass on costs.
Business analysts note the proposal underscores deepening trade policy debates ahead of the U.S. election, with implications for Asian supply chains. While the Chinese mainland has not officially commented, market watchers are monitoring potential ripple effects across Asia's export-driven economies.
