CNN Business Editor Flags 4 Reasons U.S. Still At Risk, Despite Trump Tariffs Pause
HuffPost
“We are so far from being out of this," said Richard Quest.
CNN’s Richard Quest on Wednesday flagged four factors that make him believe the United States is far from out of the woods economically, despite the stock market rally following President Donald Trump’s reversal on some of his controversial tariffs.
International business correspondent Quest, who previously dubbed Trump’s tariffs as “economic vandalism,” told “The Lead” anchor Jake Tapper:
Number one, you still have the auto tariffs.Number two, you still have the steel and aluminum tariffs.Number three, you have the Chinese tariffs at 125%, the largest bilateral trade relationship.And number four, you have a new global U.S. tariff of 10%, which is three times the previous average of 2.5%.
“So yes, the worst in terms of Japan, South Korea, the E.U. has been staved off,” Quest acknowledged. “But there is so much tariff in the system at the moment that’s just going to wash over the global trading system.”
His worrying conclusion: “We are so far from being out of this.”
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