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#MyThoughts (cont.)
Anyway, bottom line—
Trump’s tariff plans are 100% pro-inflationary.
The aggressive, high tariffs and other protectionist measures will lead to:
— higher prices
— increased isolation of the #USA from other trading countries
— fewer choices for consumers
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In addition, the crippling ripple effects of Trump’s #tariffs, especially if prolonged, will hurt US businesses and the labor market.
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There is a reason #Trump told Americans to expect some “pain.”