The Stock Market rebounded after Trump cut his tariffs on China significantly. But don't be fooled. Trump's ridiculous trade war is not over. Significant tariffs remain on not just China, but the entire world.
The average U.S. tariff on imports is still much higher than before Trump took office. When he took office, the average tariff was 2.5 percent. It is now 18 percent.
That means inflation will continue to get worse as prices on imports from most nations go up. The big loser in Trump's chaotic economic policies is the American consumer. Trump was elected on a promise to reduce prices. Instead, he has made sure prices will go up.
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