
Charting the Global Economy: US Inflation Picks Up Ahead of Tariffs
Live Mint-- US inflation picked up broadly at the start of the year, further diminishing chances the Federal Reserve will cut interest rates anytime soon. World Economists are warning the next stage of Donald Trump’s trade war would open new fronts across Asia, with India and Thailand among the nations most exposed to risks from the US president’s vow to impose reciprocal tariffs on partners. Asia China saw record outflows of foreign direct investment last year, an exodus that threatens to persist after the resumption of a trade war with the US. China’s busiest port processed a record amount of goods in January, as companies rushed to get their products onto ships before US tariffs kicked in and ahead of a long local holiday. Risk appetite has been increasing on the expectation that the eventual impact of US President Donald Trump’s proposed trade tariffs will be blunted by the time international talks and other delays are over.
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