Hello friends of Project Hope, a very good day to everyone. Today I want to bring you a topic that, although it seems that it is not on everyone's lips, is still very important and has a direct impact on our lives, although sometimes we do not notice it. I'm talking about the tariff war, an economic conflict that, far from disappearing, continues to affect global markets and, ultimately, the final consumer, that is, us.
Surely you have heard about this at some point: countries that raise taxes on products imported from other countries, as if they were in a kind of economic “tit for tat.” It may sound like something distant or technical, but the reality is that we feel it every time we go to the supermarket or buy something that comes from abroad.
I give you a simple example: when a country increases tariffs on a product that comes from another place, the companies that produce it are not going to absorb that extra cost. What do they do? They transfer it to the price. So, what used to cost 10, can now cost 12 or more. And so, little by little, we all end up paying the price.
The most curious thing is that all this, which seems like a strategy to protect local economies, often ends up harming them. Domestic industries that rely on imported raw materials also pay more, and in the end, global markets become more unstable.
And you know what the worst is? These types of economic wars are not new, but they are becoming more and more important because we live in a hyperconnected world. What happens in one corner of the planet can affect prices on the other side in a matter of days, or even hours.
Anyway, these wars are not only in history books or in the news. They are on our tables, in our pockets, and in our daily decisions. For my part, I will continue to observe this topic with interest, and of course, living and fighting for my goals, as always. What do you think?
It's true that these wars are around us more than we think, in our very presence, affecting our constant financial decisions.
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I don't have issue with tariff war but I will have really been happy if those tariff can be used for something good. Most of the time, it is always taken by the government and nothing is been done
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