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DeepNewz, mobile.
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Donald Trump's economic policy proposals, including imposing tariffs, curbing immigration, and potentially compromising the Federal Reserve's independence, have sparked concerns among economists and his own campaign team. Trump's informal economic advisers are reportedly pushing a variety of economic ideas, such as a 10% tariff on all imported goods, which mainstream economists argue could be inflationary by increasing consumer prices. There is also significant apprehension about Trump's desire to make the Fed less independent, which is viewed by some as a power grab that could destabilize economic governance. These proposals have infuriated top campaign aides, and Trump has yet to sign off on them.
Tariffs are taxes on imports. They make those goods more expensive. When normal people complain about inflation, they are complaining about a good they're used to costing X dollars now costing more. Tariffs are inflationary in the way regular people talk about inflation. 1/2 https://t.co/XhVJw24Uce
Markets will rebel if Trump or any president tries to control the Fed, Harvard economist says https://t.co/hF99laPKQx
If tariffs accomplish their advocates’ goal of simply shifting purchases to American-made goods, they are inflationary. If they instead just impose a new tax on consumers, they may be disinflationary. But they still increase after tax price and may embed into expectations. https://t.co/cr8Khgrvzh
