Wall Street Journal (November 26)
“Trump’s promise to impose 25% tariffs on Canada and Mexico and an additional 10% on Chinese imports on the first day of his presidency could lead to higher prices, just as the country appears to be turning a corner on inflation.” Economists at Yale’s Budget Lab calculated that these tariffs, combined with the three countries’ expected retaliatory measures, “would raise U.S. consumer prices by 0.75% next year,” which would “amount to more than $1000 in lost purchasing power per household.”
Tags: $1000, Canada, China, Consumer prices, Economists, Imports, Inflation, Mexico, Purchasing power, Retaliatory measures, Tariffs, Trump, U.S., Yale
Euromoney (March 24)
“The UK economy seems at last to be suffering from the erosion of purchasing power by sterling-induced inflation. All of this smacks of stagflation, a constitutional crisis and rising political risk. UK gilts will suffer.”
Tags: Constitutional crisis, Economy, Erosion, Gilts, Inflation, Political risk, Purchasing power, Stagflation, Sterling, Suffering, U.K.
