Oddbean

Trump's trade and tax policies are the new hot-button topic dividing economists and market experts ========== Donald Trump's proposed trade and tax policies have sparked a divide among economists and market experts. Trump plans to raise trade barriers and replace income tax with tariffs, which has drawn criticism from many economists who warn of inflation and trade wars. However, other experts believe that these policies will be watered down in Congress and will have fewer repercussions. The base argument against Trump's fiscal platform is that tariffs are inflationary and would lead to price hikes and global trade wars. On the other hand, some experts believe that the impact of Trump's policies will not be as severe as feared and that Congress will likely moderate his extreme pursuits. The outcome of Trump's policies will depend on the actions of Congress, and economists have differing views on the potential inflationary effects of his proposed tariffs. #DonaldTrump #TradePolicies #TaxPolicies #Economists #MarketExperts #Inflation #TradeWars #Congress https://www.businessinsider.com/trump-tariff-trade-tax-proposal-inflation-interest-rates-outlooks-predictions-2024-7