Portsmouth, England – October 28: Container ship Vung Tau Express sail is filled with transport containers near the British coast on October 28, 2024 in Portsmouth, England.
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The tariffs proposed by US President Donald Trump are not only symbolic, but also punitive, and have paid punitive tariffs in the United States.
To CNBC’s “Road sign Asia“We’re a little bad news in the short term,” Lavin said, adding that tariffs can also hurt the U.S. auto industry
“It will make other countries respond. So we will see worsening and I think the worst is that from Mr. Trump’s perspective, we will also see some inflationary pressure,” Lavin said.
Trump on. On Monday, the execution order was signed Steel and aluminum imports to the United States at 25% tariff
Asked if Trump could use tariffs and tariffs as bargaining chips, Lavin explained that if targeted tariffs are in Canada or Mexico, it would lead to a response to issues such as border security.
“But when you talk about global tariffs on steel and aluminum and tariffs on China, you won’t see a quick response and quick fix for these issues,” he said.
Furthermore, as Trump vowed to “reciprocity” stance on tariffs, Lavin said the world will see worsening trade, which will make it difficult for other countries to respond. “So he goes beyond simple signals or simply establishing tariffs as bargaining chips.”
“If they charge us, we charge them. So do we,” Trump said Monday.
Lavin said that despite the current poor U.S. economy, tariffs will inefficient and put negative pressure on it. It will also increase inflationary pressures, which could lead to lower cuts in the U.S. Federal Reserve.
“Trump was angry at the U.S. Federal Reserve last time he didn’t relax. Well, if he kept those tariffs in place, he wouldn’t relax next time,” he said.
