The good, the bad and the uncertainty of the US economy under a Trump presidency
6 days, 21 hours ago

The good, the bad and the uncertainty of the US economy under a Trump presidency

Live Mint  

What impact will the next US administration have on economic growth and inflation? The answer isn’t clear, because while some of President-elect Donald Trump’s proposed policies would boost growth and reduce inflation over time, while others will have the opposite effect. On the positive side of the ledger, Trump will be pro-business overall, and this fact alone could stimulate economic activity by unleashing the ‘animal spirits’ that drive business investment, innovation and growth. Trump also wants to boost America’s oil and gas production by the equivalent of 3 million barrels per day, which could reduce energy prices and make domestic energy-intensive sectors more competitive. Thus, the Trump administration’s effects on growth and inflation will depend on the relative balance of positive and negative policies.

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History of this topic

An analyst looks ahead to how the US economy might fare under Trump
2 weeks, 2 days ago

An analyst looks ahead to how the US economy might fare under Trump

Associated Press  

WASHINGTON — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. A: There’s …

Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
2 weeks, 5 days ago

Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

Associated Press  

▶ Follow live updates on federal funding negotiations as a government shutdown looms. Trump vowed on social media Wednesday to “fight ’till the end” unless Democrats agreed to lift the debt ceiling as a condition for the short-term funding to keep the federal government open. By Thursday, Trump was claiming on social media that a new deal reached among Republicans …

Trump has a problem: America's economy is growing but so is its inflation
1 month, 1 week ago

Trump has a problem: America's economy is growing but so is its inflation

Firstpost  

Even as the US economy grew by 2.8% in the third quarter, the inflation also grew by 1.9%, complicating the economic outlook that President-elect Donald Trump will inherit in January US President-elect Donald Trump has vowed to fix the United States. Inflation rises by 1.9% — complicating picture for Trump Even as the US economy grew 2.8 per cent year-on-year …

The rising price of paying the national debt is a risk for Trump’s promises on growth and inflation
1 month, 2 weeks ago

The rising price of paying the national debt is a risk for Trump’s promises on growth and inflation

Associated Press  

WASHINGTON — Donald Trump has big plans for the economy — and a big debt problem that will be a hurdle to delivering on them. Trump has bold ideas on tax cuts, tariffs and other programs, but high interest rates and the price of repaying the federal government’s existing debt could limit what he’s able to do. In his statement …

Trump's growth and trade agendas are at odds. His economic team will point to the winner.
1 month, 2 weeks ago

Trump's growth and trade agendas are at odds. His economic team will point to the winner.

Live Mint  

Wall Street is glued to “The Apprentice: Treasury Edition." There are two main planks to that agenda: tax cuts and deregulation to bolster economic growth; and tariffs to reduce the trade deficit and bring back factory jobs. Inflation-indexed bonds and derivatives expect inflation next year will be about a quarter of a percentage point higher than they anticipated a month …

"All bets are off": How Trump's economy could affect your money
1 month, 3 weeks ago

"All bets are off": How Trump's economy could affect your money

Salon  

Presidents don't have the ultimate say in how the economy performs. It is rarely the case that political rhetoric lines up with economic realities.” Most experts agree that if enacted, Trump’s changes could have a chaotic impact on the global economy and spark a rise in inflation and consumer prices, particularly if tariffs rise to the higher range he has …

7 ways a Trump administration could affect your finances
1 month, 3 weeks ago

7 ways a Trump administration could affect your finances

CNN  

CNN — President-elect Donald Trump promised Americans he’d bring down consumer prices, make health care more affordable and protect Social Security. “He will deliver.” Taxes The Trump administration is expected to focus on extending tax cuts introduced by the Tax Cuts and Jobs Act that are set to expire in 2025. Extending Trump’s 2017 tax cuts would lower taxes by …

Tariffs, tax cuts and deportations: What Trump’s policies could mean for America’s economy
1 month, 4 weeks ago

Tariffs, tax cuts and deportations: What Trump’s policies could mean for America’s economy

Firstpost  

Trump campaigned on promises to impose large tariffs on foreign goods, cut taxes for individuals and businesses, and deport millions of undocumented immigrants working in the United States. President-elect Trump has promised to dismantle many of the Biden administration’s policies, pledging substantial tariffs on imports, tax cuts for individuals and businesses, and a crackdown on undocumented immigrants working in the …

How are world economies reacting to Trump's imminent return as U.S. president?
2 months ago

How are world economies reacting to Trump's imminent return as U.S. president?

NPR  

How are world economies reacting to Trump's imminent return as U.S. president? “This is quite a complex network of supply chains, and increased tariffs by the U.S. — which would probably lead to retaliation by other major trading powers — would disrupt those existing supply chains, which leads to uncertainty, increased costs, and therefore has a knock-on effect on companies.” …

Trump's economic plans would worsen inflation, experts say
2 months, 3 weeks ago

Trump's economic plans would worsen inflation, experts say

New Indian Express  

WASHINGTON: With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely." Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump's proposals would “reignite’’ inflation, which has plummeted since peaking at 9.1% in 2022 and is nearly back to the Fed’s 2% target. Last month, the Peterson …

Trump's plans would 'damage' American economy for more than a decade: study
3 months, 1 week ago

Trump's plans would 'damage' American economy for more than a decade: study

Raw Story  

A new study from the Peterson Institute for International Economics projected that former President Donald Trump's second-term policy proposals of mass deportations and massive tariffs on all foreign goods would do significant damage to the American economy. As CNN reports, the study projected that Trump's plans "would cause weaker economic growth, higher inflation and lower employment," and that in some …

Trump’s promises would spike inflation and wipe out jobs, study finds
3 months, 2 weeks ago

Trump’s promises would spike inflation and wipe out jobs, study finds

CNN  

CNN — Former President Donald Trump has promised to attack the United States affordability crisis by imposing immense tariffs, carrying out unprecedented deportations and even influencing interest rate decisions. A loss of Fed independence would cause “permanently higher inflation” that “leads to ever-increasing prices across the US economy,” the paper said. At an event in Michigan last week, Trump praised …

The Trump economy: Slower growth, higher prices and a bigger national debt
5 months, 3 weeks ago

The Trump economy: Slower growth, higher prices and a bigger national debt

Al Jazeera  

Plans to hike tariffs, tighten immigration and cut taxes are likely to crimp growth and fuel inflation, experts say. “A tariff increase covering nearly all goods imports, as Trump recently proposed, goes far beyond any previous action,” Moody’s Analytics said in its report. “There are three main tenets of Trump’s campaign, and they all point in the same inflationary direction,” …

Many remember solid economy under Trump, but his record also full of tax cut hype, debt and disease
7 months, 2 weeks ago

Many remember solid economy under Trump, but his record also full of tax cut hype, debt and disease

Associated Press  

WASHINGTON — It was a time of fear and chaos four years ago. DECENT GROWTH Trump assured the public in 2017 that the U.S. economy with his tax cuts would grow at “3%,” but he added, “I think it could go to 4, 5, and maybe even 6%, ultimately.” If the 2020 pandemic is excluded, growth after inflation averaged 2.67% …

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