Tariffs on China Could Exacerbate Inflation and Hamper US Economic Growth, Warns S&P Global
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#119c5168 ver:0.18

Tariffs on China could worsen inflation and hinder US economic growth, warns S&P Global. The imposition of tariffs by the US on various countries has led to retaliatory tariffs and reduced global trade. The potential for a global recession is increasing due to trade frictions, climate change, geopolitical conflicts, and domestic political conflicts. The stock market has been impacted, gold prices have reached record highs, and concerns about a sovereign debt crisis and global recession have risen. Trump's proposed tariffs could cost Americans $500 billion annually, leading to higher costs for households and potential inflation. The tariffs would disproportionately affect lower-income households and could result in retaliation from trading partners. Tariffs on China aim to enhance US economic security and reduce dependence, but their costs and benefits need careful consideration. #Tariffs #Inflation #EconomicGrowth #GlobalTrade #Recession...

#newstr #Tariffs #China #Inflation #UsEconomicGrowth #FedRateCuts 

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