New tariffs on Chinese imports may result in more cuts of the federal funds rate
The U.S. President Donald Trump said he would slap a 10% tariff on $300 billion in Chinese imports. By this decision, he seems to try to kill two birds with one stone, First, during his 2016 campaign, he promised to be tough with China, and the trade battle escalation will increase the chances of Trump’s reelection in 2020. Second, a new round of trade wars can make the Fed to aggressively lower the rates. The announcement about new tariffs on Chinese imports increased the chances of…
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