Roubini Warns Trump Policies Could Spark Crisis if Re-elected
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Donald Trump's economic policies, if re-elected, would threaten global growth and stoke inflation and deficits, according to economist Nouriel Roubini.
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Roubini warns that more protectionist trade policies would spark trade wars with both rivals like China and allies in Europe and Asia.
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Hiking tariffs could lead to higher costs for U.S. consumers and companies by disrupting global supply chains.
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Making Trump's 2017 tax cuts permanent could undermine investor confidence in the U.S. dollar and raise borrowing costs.
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With high public and private debt levels already, higher interest rates could introduce the risk of a new financial crisis.