Former Binance executive Jinze warns that President Trump’s significant tariff increases could lead to grave macroeconomic risks in 2025, particularly affecting trade with Canada, Mexico, and China.
The imposed tariffs of 25% on Canadian and Mexican products, along with a 10% increase on Chinese goods, are likely to lead to price hikes and reduced availability of goods for U.S. Consumers.
Long-term effects of these tariffs could lower income levels and decrease overall economic output. Estimates suggest terminal product prices may rise by 10–30%, leading to reduced consumer demand.