Trump's Economic Policies Could Trigger Recession, Economists Warn
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Trump's proposed tariffs, especially on China, risk severely damaging the U.S. and global economies by decoupling the two largest economies.
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Even conservative economists warn the tariffs could cut imports, shrink the economy, slash exports if other countries retaliate.
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Tariffs would likely accelerate inflation, which the Fed just managed to get under control. Trump could try replacing Powell.
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Trump's other plans like mass deportations and tax cuts would also stoke inflation and potentially trigger a recession.
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Paying off debt while cutting taxes, as Trump proposes, would require massive cuts to federal spending that would be disastrous for the economy.