NEW YORK -- The flurry of tariffs being imposed on many sectors and trade partners by U.S. President Donald Trump could drive up inflation in the country by at least 1 percentage point, said Atsuhide Sakamoto, a Sumitomo Mitsui Banking Corp. senior economist.
Trade war
Trump tariffs could boost U.S. inflation 1 percentage point: economist
SMBC expert says Japan could be hit by duties to fix trade imbalance
Atsuhide Sakamoto said U.S. tariffs hurting the stock market could hinder consumption in the crucial high-income sector. © Reuters
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