Customs under Trump's government: is there a new inflation?

Customs under Trump's government: is there a new inflation?

US-Notenbank, Washington, D.C., USA - The director of the US Federal Reserve, Christopher Waller, warns of the possible dangers that can arise from the tariffs introduced by Donald Trump. In a current statement at the "Wall Street Journal", he expressed that processing a 25 percent customs for companies was extremely challenging. These tariffs could not only burden the profit margins, but also cause a new risk of inflation, since import prices would increase significantly, such as OE24 reported. This leads to concern within the central bank, since the effects of the tariffs have also been discussed in the recent discussions about interest rates.

delayed interest reductions

Waller emphasized that interest rate cuts that would be possible over the course of the year continue to be on the table, but their implementation depends heavily on the upcoming inflation data. He would like to wait for the development of inflation for February and ongoing customs policy before making its final decision. This is particularly crucial, since Trump's tariffs not only destabilize the economy, but can also put companies under pressure, since many have to expect to pass on their costs, which according to SPIEGEL