US Tariffs Impact: Negative for United States: inflation hikes, jobs at risk

Home
China
World
Politics
Business
Opinions
Tech & Sci
Culture
Sports
Travel
Nature
Picture
Video
Live
Specials

World
Europe

01:48

One of the unintended consequences of a sustained tariff war is that costs for ordinary consumers will rise. This inflationary pressure can also increase the costs of borrowing because the U.S. Federal Reserve must respond to higher prices by raising interest rates. We spoke with Glenn Somerville, the associate editor of the American consumer finance magazine Kiplinger. Take a listen.