- 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.
Simple. They say everything is the Democrat’s fault, and their idiot followers believe it, no questions asked. It’s been working in Texas for decades.
I guess I should further emphasize the rhetorical part.
Abbott said he wouldn’t stand for any Democrat policies around here.