and eventually even support increasing imports (in some ways), when the increases stop working. Normally tariffs are reducing imports. But this over-reliance could create a counter force. Monopoly
” said Andrzej Skiba, head of BlueBay U.S. Fixed Income at RBC Global Asset Management. “We’re talking 10% tariffs across all global partners. This is a big deal because this could add 1% to inflation. If you add 1% to next year’s inflation numbers, ...
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To lower inflation, he could remove the punitive tariffs (of up to 25%) on Chinese goods which would reduce the prices being paid by consumers. But to progressive Democrats, that would be bad politics today. Or instead of working with ally OPEC, Mr. Biden has vilified them calling on ...