Trump hesitant to increase tariffs on China, claims he’s focused on reaching an agreement.

Posted in

April 17, 2025

Trump hesitant to increase tariffs on China, claims he’s focused on reaching an agreement.

In a recent address, Federal Reserve Chair Jerome Powell highlighted the potential for persistent inflation stemming from supply chain disruptions, using the automotive industry as a key example. Powell noted that many CEOs are grappling with uncertainty regarding the importation of essential components, particularly in light of pandemic-induced semiconductor shortages that previously hampered car production amid high demand. He emphasized that current tariffs on foreign autos and components, along with existing tariffs on steel and aluminum, could further complicate production and prolong inflationary pressures. Powell urged caution in adjusting monetary policy, indicating that the Federal Reserve is awaiting a clearer understanding of the long-term implications of these trade dynamics on the economy.

Original source:

https://finance.yahoo.com/news/live/trump-tariffs-live-updates-trump-touts-trade-talk-progress-as-nvidia-ceo-visits-china-191201940.html

Trump hesitant to increase tariffs on China, claims he’s focused on reaching an agreement.

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