Commentary: Tariffs and the US-China trade war, a history
In a recent interview on CBS’s “Face the Nation,” Neel Kashkari, Minneapolis Federal Reserve President, warned about the potential for long-term inflation if President-elect Donald Trump, implements his proposed 10-20% tariffs on imports from all countries, with a higher 60% tariff targeting imports from China. An analysis of the impact of the higher tariffs imposed during the first Trump Administration may help shed light on the impact from further tariff increases.
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