Protectionism growing and trade geopolitical concerns impact on prices are a concern.
"Asked about a report he is considering 60 per cent tariffs on Chinese goods, Trump said: ‘No, I would say maybe it’s going to be more than that’"
The prior tariffs result "According to a 2023 report from the commission, US importers bore nearly the full cost of the Trump era tariffs, as import prices increased at the same rate as the tariffs."
Inflation assured. Higher interest rates for longer almost guaranteed .
