Trump tariffs could boost U.S. inflation 1 percentage point: economist

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NEW YORK — The flurry of tariffs being imposed on many sectors and trade partners by U.S. President Donald Trump could drive up inflation in the country by at least 1 percentage point, said Atsuhide Sakamoto, a Sumitomo Mitsui Banking Corp. senior economist.

Some of the tariffs will likely impact Japanese businesses, but not enough to drive them from the American market, he said.



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