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Trump's Economic Policies and Global Inflation
Analysis of the potential impact of Trump's economic policies on US and global inflation, including increased tariffs, immigration measures, and tax cuts.
Spanish
United States
Us PoliticsLabour MarketInflationTradeTariffsEconomicsGlobal Economics
CnnInseadHargreaves LansdownFederal ReserveNomura
Donald TrumpAntonio FatásSusannah StreeterPhilip ShawEllie Henderson
- How might a stronger dollar affect global inflation?
- A stronger dollar, resulting from higher interest rates to combat inflation, could also put upward pressure on global inflation as countries importing dollar-denominated goods face price increases.
- Which countries are most at risk from Trump's proposed tariffs?
- Mexico and Canada are considered to be most at risk from tariffs due to their high reliance on US exports; China, Japan, Germany, and South Korea could also face increased pressure.
- What are the predicted impacts of the tariffs on China and Germany?
- Experts predict that a 60% tariff on Chinese goods would significantly decrease China's economic growth by 0.5-0.8 percentage points over two years; German exports to the US could fall by 15% with a 20% tariff.
- What is the predicted impact of Trump's economic policies on inflation?
- Trump's proposed economic policies, including tax cuts, immigration enforcement, and tariffs, are expected to significantly increase inflation in the US and globally.
- What are the potential negative effects of the tariffs on consumers and businesses?
- The tariffs would act as a tax on imports, harming consumers and businesses dependent on imported raw materials; retaliatory tariffs from other countries could further exacerbate global inflation and negatively impact global economic growth.