Newly imposed tariffs are causing concern among Capital Region residents and business owners, particularly regarding their potential impact on gun prices and Second Amendment access. Craig Serafini, owner of Upstate Guns and Ammo in Schenectady, reveals that suppliers are already warning of impending price increases, which could hamper Americans’ ability to exercise their firearm rights amidst rising costs.
Economics Professor Kajol Lahiri notes that these tariffs might contribute to a heightened risk of stagflation, a scenario reminiscent of the 1970s characterized by high inflation and stagnant growth. With a shrinking economy on the horizon, the probability of a recession has surged from 20% to over 50%, raising alarms about the broader implications of these trade policies on everyday consumers and businesses alike.
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