Trump's Tariff Plan: How Sweeping Trade Policies Could Spark Inflation Surge
2025-02-16
USA TODAY
President Donald Trump's proposed reciprocal tariffs on foreign imports could potentially double US inflation rates, according to a recent study. This drastic measure could have a significant impact on the economy, intensifying trade tensions and sparking a surge in inflation. With the US already experiencing low inflation, this move could shock the economy back into gear, but at what cost? The effects of these tariffs could be far-reaching, influencing trade policies, economic growth, and consumer prices, making it a critical issue to watch for investors and economists alike, especially in terms of trade war and economic policy.