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Trump Praises Tariffs While China Talks Hang in the Balance

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Allianz GI's McKinney Sees 'Stagflationary' Impact of Tariffs

President Donald Trump said tariffs have bolstered the U.S. bargaining position while cost increases to consumers have been negligible and warned of more levies as prospective trade talks with China appeared in doubt.

"Tariffs have put the U.S. in a very strong bargaining position, with Billions of Dollars, and Jobs, flowing into our Country - and yet cost increases have thus far been almost unnoticeable," Trump said on Twitter Monday. "If countries will not make fair deals with us, they will be ‘Tariffed!’"