Analyst: Tariffs will bring a price disaster to American consumers, and the U.S. tech industry may regress by 10 years

ChainCatcher news, according to Jinshi reports, Wedbush analysts stated that "the notion that we can produce in the U.S." underestimates the complexity of the Asian supply chain and the way goods have been manufactured for American consumers over the past 30 years. In a research report, analysts described the latest tariffs as "the largest collapse in the market's history," as it is entirely caused by Trump himself, with flawed logic behind it.

Wedbush stated, "The economic pain brought by these tariffs is hard to describe, and in the process, the U.S. tech industry may regress by 10 years."