Trump's proposed economic policies raise concerns about potential inflation increase

fastcompany.com

President-elect Donald Trump’s return to politics is linked to voter concerns about rising prices. While inflation has decreased recently, economists warn that his proposed policies on tariffs, immigration, and taxes could lead to higher inflation instead of reducing it. Trump's plan to increase tariffs on imports may raise consumer prices by limiting competition and availability of goods. Additionally, deporting undocumented immigrants could create labor shortages in key industries, driving up wages and costs for consumers. Tax cuts proposed by Trump might also increase demand for goods and services, potentially leading to inflation if supply cannot keep up. These policies could complicate the current economic situation and risk reversing recent progress in controlling inflation.


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