reported by Reference News Network. The Washington Post published an editorial on April 7 titled "Tariffs Are Putting the U.S. Economy in Winter," which is compiled as follows: The Swedish fintech company Klarna, the renowned ticketing company "Ticket Center" website, and the private healthcare company Medline have all announced the postponement of their plans to list on the New York Stock Exchange. Jaguar Land Rover has suspended its exports of cars to the United States. Nintendo postponed the reservation of the new host Switch 2 in the United States to assess the impact of tariffs on prices. Regardless of whether it was intentional or not, U.S. President Trump is putting the U.S. economy in winter. As long as he continues to implement current policies, every day will increase the damage to the economy. Without the approval of Congress (which is required by the Constitution), Trump has raised tariffs to the highest level since 1909. On Wall Street, traders have never been as panicked as they are now since the financial crisis of 2008. In Europe, analysts recalled the aftermath of Brexit in 2016. In Asia, it seems to be back to the 1997 financial crisis. A recession seems inevitable for both the United States and other regions. In response to the market decline on July 7, Trump threatened to impose an additional 50% tariff on China. Several countries and regions have proposed to cancel all tariffs on the United States. Each country has its own domestic considerations when considering countermeasures. Meanwhile, companies will suspend major investment decisions. Small businesses, unable to absorb rising costs and unlikely to obtain price discounts from suppliers, may begin to experience default situations. Tariffs could also disrupt the originally complex supply chain, leading to supply shortages. Under the circumstances of the economic winter, companies will have to take measures such as layoffs. Thus, the unemployment rate will inevitably rise. The unemployment problem, in turn, will weaken consumer confidence. Household consumption expenditure accounts for as much as 70% of U.S. GDP. Like businesses, households also crave clear and definitive information when making consumption decisions. Now, booking an expensive summer vacation requires either great courage or sufficient savings. Therefore, many families tend to delay such consumption plans. Last weekend, many Americans rushed to stockpile wine, shampoo, and other imported goods before the tariffs took effect. The confusing messages from White House officials made things even more complicated. Treasury Secretary Bessent said that tariffs had become Trump's strongest negotiating chip, but he also said: "This is not something that can be resolved through negotiations in a few days or weeks." Agriculture Secretary Rollins said that over 50 countries were "overwhelming the White House's phone lines," with some countries "eagerly" hoping to reach an agreement with Trump. However, the president's trade advisor Navarro insisted that this was not negotiation. The confusion of information stems from their unclear strategy - it seems that everyone, even Trump himself, doesn't know what the ultimate goal is. Is it to maintain high tariffs to increase fiscal revenue, or to force other countries to negotiate lower tariffs on American goods to increase exports? So far, the president's answer is: both. Therefore, the market continues to fall. Unless Trump eases tensions, the impact on the economy could turn into a disaster. Original article: https://www.toutiao.com/article/7491181603427729970/ Disclaimer: This article only represents the author's personal views. Please express your attitude by clicking the "Like/Dislike" button below.