Trump Signs Fresh Tariffs

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current tariffs

Fortune

•

US Politics

Trump tariffs could gross $800 billion in the next decade, CBO head says—but that doesn’t account for the backlash

Summary

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79% Informative

President Donald Trump issued a fresh round of tariffs on Wednesday .

The latest batch includes a 25% duty on all cars manufactured outside the U.S. The latest round of levies comes ahead of an April 2 deadline for a series of earlier tariffs.

Imposing tariffs in such a hardline manner could have myriad knock-on effects to the economy.

If the markets expect inflation to rise dramatically over a sustained period of time, the economic risks would shift from higher prices to low growth.

The fact that long term inflation expectations haven’t risen sharply is one of the main reasons the Fed believes the U.S. is not on the verge of a more pronounced economic downturn.

Trump administration is currently backing a major Republican tax bill that is currently being negotiated in Congress .

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