’s economic agenda is “vastly superior” to that being put forward by presumptive GOP presidential nominee Trump, argued the Nobel laureates.A second Trump term would “have a negative impact on the U.S.’s economic standing in the world, and a destabilizing effect on the U.S.’s domestic economy,” and his “fiscally irresponsible budgets” would reignite inflation that has “come down remarkably fast” in recent weeks, they warned., George A.
Trump’s proposals to extend tax cuts and introduce higher tariffs, including 10% on all imports and between 60% and 100% for products from China and Mexico, could hike it once again, though, the economists claim.“I have little doubt that with the Trump program,” he warned, “we will see a substantial acceleration in inflation, unless somehow we get a major recession first.
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