Marc Short: $80 billion tariff borne by Americans, more market chaos

Recently, the U.S. government announced the imposition of additional tariffs on multiple countries, triggering a volatile decline in the U.S. stock market. In response, Marc Short, former chief of staff to Vice President Mike Pence, clearly stated that the cost of tariffs, which amounts to as much as $80 billion, is actually borne by the American people, not foreign governments. He further analyzed that it is no accident that the market has declined as the U.S. government has once again mentioned issues related to tariffs recently. At present, many large retailers have already increased their inventory purchases in advance because they predict that the impact of tariffs will be concentrated in the second half of this year. Short believes that in the future, not only may prices face upward pressure, but the U.S. trade agenda will also continue to be in chaos, and its tariff policies and consumer market may see more turbulence.