Trump’s Tariff Moves Explained: Ruchir Sharma Warns of 1% Hit to US Growth

In an insightful conversation with Rahul Kanwal Executive Director of Business Today, Ruchir Sharma, Chairman of Rockefeller International, warns of mounting economic pressures in the U.S. under Trump 2.0. He predicts effective tariff rates could potentially slowing U.S. growth by nearly 1%. Coupled with a sharp decline in immigration—from 2.5 million to a projected 0.5 million—Sharma sees major shocks to the American economy. He highlights how labor shortages and trade barriers may push the U.S. toward a recession, with global implications. While cautioning against certainty, Sharma notes Trump’s actions may ironically lead to stronger growth abroad than within America.