Federal Reserve President Neel Kashkari has expressed concerns that President-elect Donald Trump's proposed tariffs could lead to a global trade "tit for tat" and worsen long-term inflation. Kashkari warned that if trade partners retaliate with their own tariffs, the situation becomes more uncertain and concerning. This comes as Trump plans to impose universal tariffs on all imports from all countries, including a 60% rate on China.

Source: https://www.cnbc.com/2024/11/10/fed-kashkari-trump-tariffs-inflation-threat-global-trade-retaliation.html