Trump Unveils ‘Big' Reciprocal Tariffs: What To Know About The Policy—And Its Inflation Impact

1. Trump announces reciprocal tariffs, aiming to equalize trade imbalances. 2. Estimated 4.8% average tariff could increase inflation in 2024. 3. Tariffs will likely affect consumer prices and core personal consumption expenditures. 4. Specific imports, like semiconductors and cars, to see additional tariffs. 5. Countries like India and EU are major potential targets for these tariffs.