Reply To: TRADE WAR…

[Dragon]

These tariffs are a tax hike on consumers. We’ll be paying more for goods with no corresponding increase in value. This will increase the rate of inflation, which will raise the price of everything. That will motivate the Fed to raise interest rates to dampen the rate of inflation and that will put us in serious risk of another recession, one that we no longer have the proper tools to deal with.

It’s almost as if somebody didn’t think this through.