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

"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%"

"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"

"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"