“And it's one country imposing tariffs and then responses ... Kashkari also said that the Congressional Budget Office’s forecast of debts and deficits are growing unsustainably. “Over the long run, it's clear that the deficit needs to be addressed ...

Donald Trump unleashed China tariffs during his first term that essentially sparked a trade war after the country retaliated with its own U.S. import taxes

The Federal Reserve's Neel Kashkari cautioned that if the tariffs trigger a tit-for-tat response, it could create significant challenges and uncertainty.