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Famagusta Gazette

News From Cyprus

Expert warns U.S. tariff hikes could spur recession, harm consumers

ByFamagusta Gazette

May 2, 2025

FAMAGUSTA GAZETTE – Hassan Al-Dajeh, a professor of strategic studies at Jordan’s Al-Hussein Bin Talal University, criticized the United States’ tariff hikes, calling them counterproductive in the long term.

In an interview with Xinhua, he said the policy marks a shift away from decades of liberal economic practices and could trigger an economic recession if sustained.

Al-Dajeh warned of rising inflation and declining growth, adding that American consumers will bear the brunt of higher-priced goods.

He noted that while domestic factory relocation might briefly boost the economy, it would ultimately weaken purchasing power and slow growth.

Using cars as an example, Al-Dajeh said a Hyundai manufactured in South Korea costs $24,000 in the U.S., but domestic production could push the price to $40,000—beyond what many can afford. He cautioned that such financial pressures could lower the standard of living for Americans.

Famagusta Gazette