In a recent rally in South Carolina, former President Donald Trump announced his intention to reintroduce retaliatory tariffs if he secures a second term. Economists caution that this move could potentially worsen inflation. What Happened: Trump expressed his plan to implement the “Trump Reciprocal Trade Act” if re-elected, reported The Hill. The former president stated, “If China or any other country makes us pay a tariff of, let’s say 100 [percent], or 200 [percent], or even 300 percent, and they do that, we will make them pay a reciprocal identical tariff of 100 [percent] or 200 [percent] o…
