Inflation could make countries hit with tariffs sufficiently discomfited as to motivate them to negotiate alternative trade relationships with the United States that eliminated or reduced those tariffs.
At the same time, inflation could make Trump's tariffs particularly costly for the United States, and perhaps even disadvantage the US in negotiating better trade relationships globally.
Links And Sources
Consumer Price Index Summary: https://archive.ph/PmlGl
Producer Price Index Summary: https://archive.ph/EdZbv
Headline And Core Inflation, Year on Year: https://fred.stlouisfed.org/graph/?g=1DCva
Headline And Core Inflation, Month on Month: https://fred.stlouisfed.org/graph/?g=1DCve
Energy Price Inflation: https://fred.stlouisfed.org/graph/?g=1DG8p
Food Price Inflation: https://fred.stlouisfed.org/graph/?g=1DCyZ
Shelter Price Inflation: https://fred.stlouisfed.org/graph/?g=1DG99
Durable Goods Inflation: https://fred.stlouisfed.org/graph/?g=1DE3D
Non-Durable Goods Inflation: https://fred.stlouisfed.org/graph/?g=1DE3u
Service Price Inflation: https://fred.stlouisfed.org/graph/?g=1DGa1
“Inflation Is Trump’s Problem Now”: https://archive.ph/njYll#selection-3281.13-3289.219
“Donald Trump's Pledge to Lower Costs on 'Day One' is Unraveling”: https://archive.ph/2Ex0y#selection-1221.0-1225.21
EU Inflation Rate: https://tradingeconomics.com/european-union/inflation-rate
Euro Area Inflation Rate: https://tradingeconomics.com/euro-area/inflation-cpi
China Inflation Rate: https://tradingeconomics.com/china/inflation-cpi
Japan Inflation Rate: https://tradingeconomics.com/japan/inflation-cpi
Canada Inflation Rate: https://tradingeconomics.com/canada/inflation-cpi
Mexico Inflation Rate: https://tradingeconomics.com/mexico/inflation-cpi
“Commodity markets are in a ‘super squeeze’ — and higher prices could be here to stay”: https://archive.ph/lSIQc#selection-2419.0-2433.135
“Challenges and Opportunities Amidst the Commodity Market ‘Super Squeeze’”: https://archive.ph/b5IeX#selection-827.0-835.306
Copper Futures: https://tradingeconomics.com/commodity/copper
Lumber Futures: https://tradingeconomics.com/commodity/lumber
Wheat Futures: https://tradingeconomics.com/commodity/wheat
Commodity Indices: https://tinyurl.com/4t2y3w5v
Oil Futures: https://tinyurl.com/4fk4rznr
Producer Price Index By Commodity: Final Demand: https://fred.stlouisfed.org/graph/?g=1DELi
Producer Price Index By Commodity: Final Demand: Energy: https://fred.stlouisfed.org/graph/?g=1DELi
Producer Price Index By Commodity: Final Demand: Food: https://fred.stlouisfed.org/graph/?g=1DEL7
Producer Price Index By Commodity: Final Demand: Goods: https://fred.stlouisfed.org/graph/?g=1DEKD
Producer Price Index By Commodity: Final Demand: Services: https://fred.stlouisfed.org/graph/?g=1DEL7
“Trump signs sweeping reciprocal tariff plan, says more coming”: https://archive.ph/2xPF1
“Does Anyone Have The Truth About Trump Tariffs?”: https://newsletter.allfactsmatter.us/p/does-anyone-have-the-about-trumps
“Trump to impose 25% tariffs on steel and aluminum — here are the likely winners and losers”: https://archive.ph/0PbEN#selection-2513.0-2521.193
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