President-elect Donald Trump has threatened new tariffs on multiple countries as his second term approaches, after making tariffs a signature of his campaign. Now, Americans may have to actually brace for stagflation — something the nation’s economy hasn’t experienced in over half a century. Just over a month from now, Trump will have the power to levy tariffs on other nations at the flick of a pen. And once inaugurated on January 20, he has pledged to immediately impose a 25% tariff on Mexican and Canadian imports and increase tariffs on Chinese goods by an additional 10%. On the campaign trail, he also promised to levy a 10% to 20% tax on all imports and increase tariffs on Chinese goods by at least 60%.

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Persons: Donald Trump, Justin Sullivan, Jamie Dimon, JPMorgan Chase —, —, ” Dimon, Jerome Powell, “, Trump Organizations: Port, JPMorgan, Wall Locations: Port of Oakland , California