What's the deal with Trumps Tariffs?

 

Will inflation increase as companies importing goods increase domestic prices to recover the tariff impacts? 

Does the government want to drive the US and global economy downward?

Americans are now panicking as car prices are rising - up to $6,000 for some new cars. 

China's Foreign Minister Wang Yi, during his 3 day visit to Moscow: “The US itself is sick but is forcing others to get treatment,” Wang said, emphasizing that Trump’s trade wars will “cause serious damage not only to the global market and trade order but the US’s reputation” as well. “‘America First’ cannot be achieved by American bullying, especially to the detriment of the interests of other countries,” he said.

Russian Foreign Minister Lavrov: “We recognize the responsibility of Moscow and Beijing to maintain close coordination in the international arena. The majority of countries perceive this as perhaps the most significant stabilizing factor during these challenging times in global politics”.