Trade Rhetoric Will Get More Heated, Says JPMorgan's Anderson

The video discusses the trade imbalance between China and the US, highlighting the political implications of trade policies, especially in the context of upcoming US midterm elections. It emphasizes the role of tariffs and protectionism as significant political issues. The discussion also covers the potential impact of tariffs on inflation and how the Federal Reserve might respond to any inflationary pressures, noting that a significant spike in inflation would require more extensive tariffs than currently in place.

What is the significance of the trade imbalance between the US and China as mentioned in the text?

How do midterm elections influence the rhetoric surrounding tariffs and trade issues in the US?

What potential impact do tariffs have on inflation according to the speaker?

In what ways might the Federal Reserve respond to a spike in inflation caused by tariffs?

What factors could prevent the Federal Reserve from considering inflation spikes in their decisions?