Part 5/7:
Peek further addresses the notion of inflation that could arise from these tariffs. Although short-term price increases are expected, she notes that President Trump appears committed to long-term strategies, despite potential backlash from Wall Street, which often operates with a short-term outlook. The expectation is that trade agreements will evolve to a more favorable setup for U.S. businesses.
Future Trade Negotiations
The upcoming renegotiation of the United States-Mexico-Canada Agreement (USMCA) is key to establishing a stable trading environment. Peek asserts that tackling Canadian tariffs on American goods within this framework can lead to a positive trajectory for U.S. economic prospects.