"Nearly three weeks ago, when Goldman calculated that the imminent impact of even more tariff hikes (back then Trump's intention to slap Mexico with tariffs wasn't known yet) would be to sharply boost inflation as imposing 25% tariffs on roughly $300bn of remaining Chinese imports would have a peak effect of 0.5pp on core PCE, while auto tariffs would have a roughly 0.3pp peak effect..."
at https://www.zerohedge.com/news/2019-06-03/markets-biggest-risk-stagflationary-shock
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