Navigating Economic Challenges: Tariffs and Inflation

This chapter explores the intricate dynamics of tariffs, inflation, and monetary policy across several economies, including the U.S., South Korea, and Japan. It emphasizes the cautious approach central banks are taking amid stable inflation rates and the potential deflationary impacts of tariffs. The discussion also highlights the interconnectedness of global trade relations and its implications for local economies, particularly in the face of protectionist measures.