S&P global: Trump unlikely to impose 10% blanket tariff and 60% tariff on Chinese goods

Is”the bark is worse than the bite” on tariffs?

S&P global is out saying:

• Tariffs could increase US inflation and be a drag on US growth.
• Unlikely that Pres. Trump imposes a 10% blanket tariff and 60% tariff on Chinese goods
• Policy impacting deficits and that could affect US sovereign credit rating.
• Projections assume deficit will remain around current levels

This article was written by Greg Michalowski at www.forexlive.com.