Comment by no_wizard

Consumers will pull back, if not right away it will show up with 18 months, though early indications suggest they already are to brace for the price increases as most were already trying to simply get ahead of the last few years of inflation to begin with.

Businesses are already cutting back. My employer has already talked about the impact, I know other people who are saying the same thing. Lots of things going into freeze or slowing down. It will take a minute for this to get through the economy but it absolutely will.

I don’t think this is highly uncertain territory, history has clear examples of what will happen if in doubt. Generally, it’s not good for most, especially consumers or those who have any reliance on foreign material or goods, which nowadays is most businesses and consumers, and the US won’t be able to magically fill that in.

This will result in a recession