Trump’s policy of increasing import tariffs: risks of inflationary pressure and financial correction in the U.S.

On November 20, Trump announced that he plans to nominate Cantor Fitzgerald CEO Howard Lutnick for the position of Secretary of Commerce, who will impose radical tariffs on imports from China and other countries.

The Trump team’s introduction of new import tariffs will signal the onset of a full-fledged fragmentation of global trade and the restructuring of global supply chains, creating conditions for the revival of industrial production in the United States.

However, increasing tariffs to 60% on all imports from China will inevitably lead to higher prices for these goods in the United States, putting additional inflationary pressure on American consumers and reducing their purchasing power.