Advertisement“The economy will be significantly weaker if Mr. Trump’s economic proposals are adopted,” a June report from Moody’s Analytics predicted. The kind of across-the-board tariff Trump has in mind could have much larger, economy-wide implications. AdvertisementAnd that’s before taking into account other elements of Trump’s agenda, like mass deportations, that could further increase inflation by removing so many people from the labor force. The Moody’s analysis, whose lead author is economist Mark Zandi, considered what might happen if Congress enacted only parts of Trump’s agenda, or lesser versions of his proposals. “The upshot of Mr. Trump’s economic policy positions under almost any scenario is that the U.S. economy will be more isolated and diminished,” the report concluded.

Source: Huffington Post July 17, 2024 02:41 UTC