Trump Tariff Mystery: A trade war or something more? | CA Rachana Ranade

"Now what happens is that when they were to refinance this debt while refinancing they'll have to refinance it at the current rate of interest What is the current rate of interest it is at 4.18%"

"Out of the total debt that we discussed about $36 trillion dollars ka debt Out of that 7 to9 trillion debt is due for refinancing"

"So to ensure that fiscal uh fiscal uh deficit is under control he wants to ensure two things The rate at which this debt gets refinanced is low number one Number two he also wants to ensure that the revenue of the government increases and that can be done with the help of tariffs Right so what is his strategy this debt refinancing should be done at a lower interest cost That's what I said should be lower than 4.15%"

"Oil prices are down interest rates are down And now he's targeting the Fed chairman The slow moving Fed should cut rates hm food prices are down There is no inflation What are you saying there's no inflation"

"Economists say that if you increase the tariffs this is going to lead to inflation and if inflation increases obviously there will be a need to increase interest rates"

"Federal Reserve Chair Jeremy Powell or Jerome Powell is not legally required to follow directives from President Donald Trump number one Number two again really important Powell has asserted that the president does not have the authority to fire him"

"The main scenario is that currently Trump is wanting to impose tariffs number one to increase the income of USA If income increases fiscal deficit could come under control which is his target He wants to make America great again For that he's saying I will ensure that more tariffs are induced and because of which the manufacturing in USA will grow If manufacturing grows jobs will be created If jobs are created then obviously the spending power of the Americans will increase their income levels will increase and the economy will boom again"

"The debt issue is not caused right now It has been increasing as I showed you the graph very interesting graph right from 2008 how their debt has been crazily increasing"