Trump’s tariffs are “punitive,” a former US ambassador in Singapore warned of US unemployment.

According to former US ambassador Frank Rabin, US President Donald Trump’s tariffs proposed are not merely symbolic, but are punitive in the United States as “employment costs.”

Talk to CNBC.”Street sign asia“Rabin said, ‘We’re looking for a little bit of bad news soon,’ adding that tariffs will also hurt the US auto industry.

“We’re mandating other countries to deal with it, so we’re going to see deterioration. And from Trump’s perspective, the worst is that we’re going to see a bit of inflationary pressure too. I think it will be,” Rabin said.

Playing cards oOn Monday, the signature of the implementation was carried out. 25% tariff on steel and aluminum imports into the US

When asked if Trump could use tariffs and tariff threats as negotiation tips, Rabin said that if the tariffs are covered in Canada or Mexico to elicit responses on issues such as border security, it would be I explained that it appears to be true.

“But when you’re talking about global tariffs on steel and aluminum and Chinese tariffs, you’re not going to see a quick response and quick resolution of these issues,” he said.

Furthermore, as Trump has pledged a “mutual” stance on tariffs, Rabin said the world will see trade degradation, making it difficult for other countries to respond. “So he’s more than simply signaling or simply establishing tariffs as a tip for negotiations.”

“If they charge us, we charge them. If they are 25 (percent), we are 25. If they are 10, it’s 10, it’s 10, it’s more than 25. If it’s expensive, Trump said Monday.

The US economy is currently “not in a bad shape,” but Rabin said tariffs add inefficiency to the economy and put negative pressure on it. It could also increase inflationary pressures and lead to the US Federal Reserve refraining from cutting interest rates.

“Trump was upset with the US last time there was no easing. Well, if he maintains these tariffs, he won’t be able to relax again next time,” he said.