Kashkari: Mexico Trade War Could Be Costly for U.S. Economy

The video discusses the potential economic impacts of tariffs, particularly focusing on the differences between trade relations with Mexico and China. It highlights the risks of a tariff battle with Mexico due to the integrated nature of the economies and the potential for significant economic slowdown. The discussion also touches on the difficulty of predicting when tariffs will start to affect economic data and the importance of monitoring these developments.

What are the potential effects of higher tariffs on the US economy according to the text?

How does the speaker differentiate between the economic relationships of the US with Mexico and China?

What concerns does the speaker express about a potential tariff battle with Mexico?

What factors does the speaker believe will influence the timing of economic data deterioration?

Why does the speaker think it is hard to forecast the impact of tariffs?