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Federal Reserve President Neel Kashkari has expressed concerns that President-elect Donald Trump's proposed tariffs could lead to inflation if global trade partners retaliate. Speaking on CBS' "Face the Nation", Kashkari noted that one-time tariffs may not have a significant long-term impact, but escalating tit-for-tat tariffs could worsen inflation. This comes as Trump plans to impose universal tariffs on all imports from countries, with a 60% rate specifically targeted at China.

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Source: https://www.wionews.com/business-economy/trump-tariffs-could-spark-inflation-if-global-trade-responds-says-kashkari-775189