Analyst: Tariffs will bring price disaster to American consumers, the US tech industry may regress by 10 years

ChainCatcher News, according to Jinshi reports, analyst Wade Bush stated that the claim "we can produce in America" underestimates the complexity of Asian supply chains and how goods have been manufactured for American consumers over the past 30 years. In a research report, analysts described the latest tariffs as "the biggest crash ever in the market," because it was entirely caused by Trump himself and its underlying logic is wrong.

Wade Bush said: "The economic pain these tariffs will bring is indescribable. In this process, the U.S. tech industry could potentially regress by 10 years."