Did Trump just threaten new tariffs on China knowing the Fed will have to cut rates further to prevent him from starting a recession (that might happen anyway)?
with the quarter-point cut or the suggestion by Powell that there might not be more in the offing. But you know what would be a great way to nudge the Fed toward more cuts, and juice things up right before the election? Threatening to really tank the economy withPresident Donald Trump’s threats of a new round of tariffs on $300 billion in Chinese goods increases the chances the U.S.
The new tariffs, according to Trump’s tweet, would go into affect [sic] Sept. 1 and would be 10% on $300 billion in goods, on top of the 25% on $250 billion already in place. Trump later said, on the White House lawn, that he could raise tariff even more, and put 25% tariffs on the $300 billion in goods.
“Recession odds probably go over even,” Zandi said, “and I think it would be pretty hard to avoid a downturn, regardless of what the Fed does. The Fed will have to respond, and the Fed will have to cut rates. The bond market will get what it is anticipating, and that is four rate cuts.”
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