S&P global: Trump unlikely to impose 10% blanket tariff and 60% tariff on Chinese goods

S&P global analysts believe Trump's threat of 10% and 60% tariffs on Chinese goods may just be rhetoric. Potential impact on US inflation and growth, deficits, and sovereign credit rating.

Is"the bark is worse than the bite" on tariffs?

S&P global is out saying:

Tariffs could increase US inflation and be a drag on US growth.
Unlikely that Pres. Trump imposes a 10% blanket tariff and 60% tariff on Chinese goods
Policy impacting deficits and that could affect US sovereign credit rating.
Projections assume deficit will remain around current levels