- cross-posted to:
- economy
- cross-posted to:
- economy
Summary
Financial markets reacted quickly to Donald Trump’s return to the presidency, with higher share prices, a stronger dollar, and expectations of slower interest rate cuts.
Trump has outlined plans to cut taxes, impose high tariffs, restrict migration, and reduce regulations. Economists warn that his economic policies could hinder growth and drive up consumer prices, while benefiting corporate profits.
Trump’s tariffs, especially a 60% levy on Chinese imports, are expected to strain the eurozone.
Inflationary pressures from his policies may also challenge the Federal Reserve’s efforts to lower interest rates.
Two years after Trump makes it worse: “Why did the Dems tank the economy?”
“How could Joe Biden do this to us!” Person exclaims after GOP controls the house, Senate and executive branch.
Don’t forget the judicial branch!
Not even a joke, remember Covid-19 and how people pointed to the empty grocery stores and said “This thing literally happening under Trump is a preview of what Biden will do!”