Trump once again confirmed he would impose 60% tariffs on Chinese imports, or higher

<p>If you have your eye on a nice new laptop or whatever, keep an eye on Trump's threats to jack prices higher. Trump has already said he's place a 60% tariff on imports from China:</p><ul><li><a href="https://www.forexlive.com/news/trump-floated-possibility-of-60-tariffs-on-chinese-goods-report-20240128/" target="_blank" rel="follow" data-article-link="true">Trump floated possibility of 60% tariffs on Chinese goods – report</a></li></ul><p>Over the weekend he spoke in an interview, on Fox’s “Sunday Morning Futures.”</p><ul><li>confirmed he is considering a plan to impose tariffs of 60% or higher on Chinese goods in his potential second term</li><li>
“We have to do it,” </li><li>said he might even go higher: “Maybe it’s going to be more than that.”
</li><li>has also said he would impose a blanket 10% tariff on all U.S. imports</li></ul><p>-</p><p>Obviously this has implications for the inflation outlook also. There is absolutely zero that a higher Fed interest rate could do about prices jumping a lot higher if this happens, but what the Fed can, and will, do is raise rates to drive down demand and stop inflation expectations rising, as best they can. </p><p>Anyway, all speculation at this stage. Although Trump is basically a lock to win the Republican nomination when the time comes for Biden vs. Trump it'll be a contest. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.