Why? Are renewed inflation, massive tariffs, and higher consumer prices not a concern?

Probably not. I don't think the Street puts a high probability of any of that happening.

Trump's not imposing a 60% tariff on every good from China. It was hyperbole. It's a way to express that he's going to adopt a more mercantilist view of trade policy without having to express to his voters (or himself understand) what "mercantilism" means. He would like to move away from a "fair" global trade regime (where every country has an equal opportunity to access foreign markets) to one tilted in our favor (where our larger markets and stronger economy give us leverage to impose more favorable terms on smaller/lesser markets). Talking about a 60% tariff is a shorthand way to signal that, without it actually being anything he actually planned to do.

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