As per economists, this is how Donald Trump will increase inflation if elected US President
Donald Trump is currently a leading favorite to win the US elections but there are severe concerns on what the condition of the US economy could end up to be if he comes to power. Trump's promises around tax cuts, tariffs and immigration could lead to serious inflation, feel economists, and if things take a turn for the worse after the elections, it could hurt the US economy so badly, that it could take an entire administration period to mitigate the damages.
Trump's promises could make things worse
Even though the inflation levels at this point are currently in control, with hopes of it returning to normal levels in a few weeks, prices have still stayed very high since the post-pandemic spike, meaning that things need to managed by Trump if he comes to power, and keep inflation at bay. However, his promises of tax waivers, and deporting undocumented immigrants, are currently colliding with the interests of the US economy, and could lead to increased inflation levels, and even has the potential to bring in a recession, which is still lurking round the corners, even after plans for Fed rate cuts.
In the second Presidential debate, topics of inflation and economy were of utmost priority right from the start of the event, and both candidates promised to address it when they came to power, but the policies being planned out by Trump, may not be enough to strengthen the state of the current state of the US economy, feel economists, as per a USA Today report.
Perks of Trump coming to power
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