Trump’s Economic Policies: Tanking the Economy?
Economic forecasts are dimming due to President Trump’s protectionist trade policies, specifically his threats of widespread tariffs on imports. These threats, coupled with already high interest rates, are expected to hinder capital investment and slow GDP growth. While some groups predict modest manufacturing growth, others, like Vanguard, foresee a significant decrease in GDP, potentially falling to as low as 2 percent depending on the extent of Trump’s trade actions. Trump’s claims of economic success appear contradicted by these independent analyses.
John Q. Hosedrinker