Reported about 17 hours ago
Former Trump administration official Nazak Nikakhtar highlights that tariffs play a crucial role in President Trump's trade agenda. Recently, Trump proposed a 25% tariff on all aluminum and steel imports, along with tariffs on Canadian and Mexican imports, as well as 10% on Chinese goods. Despite potential concerns over consumer impact, a former ITC study suggests the inflationary effect is minimal. Nikakhtar points out that Trump's promise of a comprehensive tariff strategy continues into his second term, addressing ongoing issues of overcapacity.
Source: YAHOO