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Trump says US prices ‘could go up’ as he threatens new tariffs on trade partners (www.theguardian.com)

submitted 2 weeks ago by [email protected] to c/[email protected]

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Summary

Trump announced plans for “reciprocal” tariffs on countries imposing duties on US goods but did not introduce specific measures.

He ordered a Commerce Department review, due in April, to address trade “imbalances.” Trump acknowledged short-term price increases but claimed tariffs would boost US jobs.

He also suggested 100% tariffs on BRICS nations if they undermine the US dollar.

Economists warn tariffs could fuel inflation, which remains at 3%.

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[–] [email protected] 13 points 2 weeks ago (1 children)

Will* go up

And in the end he'll just say "they made me do it because of their tariffs."

[–] [email protected] 2 points 2 weeks ago

If he's saying they might go up, it means they will go up dramatically. It means he can't even rationalize it in his own, incredibly stupid, head.

Which means reality is going to be so, so much worse.