Oddbean

From mass deportations to huge tariff hikes, here’s what Trump’s economic program would do the US and to Australia ========== Donald Trump is likely to be elected US president in four weeks; his economic program includes mass deportations of up to 20 million unauthorized immigrants, steep import restrictions, and presidential influence over interest rates; the Peterson Institute for International Economics models the economic impact, predicting the US economy could be 6.7% weaker by 2035 under extreme scenarios; Australia would be the fourth-worst hit, with a potential 0.2% reduction in its economy; Trump aims to increase tariffs by 10 percentage points on all imports and 60% on Chinese imports; his proposed policies could lead to higher inflation and reduced competitiveness for US exports; the modeling suggests that Trump's policies represent a significant departure from traditional economic practices. #Trump #Economy #Australia #Us #Tariffs #Deportations #Inflation #PetersonInstitute #2024Election #EconomicModeling https://theconversation.com/from-mass-deportations-to-huge-tariff-hikes-heres-what-trumps-economic-program-would-do-the-us-and-to-australia-240650