Trump’s Plans Could Spur Inflation While Slowing Growth, Study Finds

Published On Sep 26, 2024, 1:11 PM

A recent analysis from the Peterson Institute for International Economics warns that Donald Trump’s proposals to deport migrants and impose heavy tariffs would harm the U.S. economy, leading to reduced economic growth, increased inflation, and a negative impact on employment. The report suggests that such policies would ultimately result in American citizens bearing the brunt of these changes, contradicting Trump’s assertions that they would mainly affect foreign entities. These findings come as Trump pushes for a manufacturing revival through corporate tax cuts and significant tariffs, though many economists question the feasibility of his proposals.