Commentary: Trump’s tariffs would be worse than Biden’s inflation

Published On Sep 17, 2024, 5:12 PM

The article discusses the potential impact of tariffs proposed by former President Trump, arguing they could have detrimental effects on the economy that may outweigh the inflation concerns associated with President Biden's policies. It suggests that Trump's approach could lead to increased costs for consumers and businesses, complicating the economic recovery from the pandemic and making it more difficult for Americans to cope with rising prices.

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Stock Forecasts

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Negative

Given the potential increase in consumer costs and the strain on businesses due to Trump's proposed tariffs, companies heavily reliant on imports could see declining profitability. Additionally, sectors sensitive to consumer spending, such as retail and discretionary services, may also experience downward pressure.

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