Trump Says His ‘Big' Tariffs Are Coming Today: What To Know About Reciprocal Tariffs—And Inflation Impact
1. Trump to announce reciprocal tariffs impacting all countries, potentially raising inflation. 2. Effective tariff rate could increase from 1.5% to 4.8% if implemented. 3. Reciprocal tariffs may complicate trade relationships with major partners like India and EU. 4. Higher tariffs could hinder Fed's ability to cut interest rates, impacting economic growth. 5. Tariff announcements anticipated to become key element of Trump's economic policy.