A growing number of economists are warning that Donald Trump's proposed second-term agenda, which includes sweeping tariffs, mass deportation, and significant tax cuts, would likely exacerbate inflation rather than alleviate it. Prominent voices such as Ron Brownstein and Larry Summers have highlighted the inflationary risks of Trump's platform, which also includes a 10% across-the-board price increase and a 60% increase on goods from China. Additionally, the potential for higher budget deficits and a smaller workforce under Trump's policies could further pressure inflation and interest rates. Clocktower Group has indicated that ten-year Treasury yields could approach 5% if Trump's odds of winning the election rise, with current yields at 4.394%.
No no, let's hear what the felon has to say "Trump’s second-term agenda of sweeping tariffs, mass deportation of undocumented migrants, and enormous tax cuts would accelerate inflation causing interest rates to rise." My kind of party
10-Year Treasury yields currently @ 4.394% https://t.co/2oci9DdpHO
Trump’s Plan to Supercharge Inflation https://t.co/WoTZtXCgLf
New from me in Bloomberg — Trump’s agenda of a smaller workforce + a higher deficit is going to be a disaster for inflation and interest rates. https://t.co/sp7XHjIn4M
More and more people are noticing that a Trump win is going to lead to higher budget deficits, more inflationary pressure, and higher interest rates. https://t.co/DlUkP49yZy
Ten-year Treasury yields are at risk of approaching 5% ahead of the US election, if the odds of a Donald Trump-led Republican victory continue to rise, according to Clocktower Group https://t.co/nNA9kRwKGY via @markets @Ruth_Liew10
Fed up with inflation? Well fasten your seatbelts if Trump wins! As this article explains, his plans would send prices soaring! https://t.co/bVSKBUwqYo
Kind of a general failure of campaign journalism that Trump has made inflation a centerpiece of his campaign (understandably) but one of his top 2 or 3 policy proposals is an across the board 10% price increase on almost everything and 60% on anything from China.
There has never been a presidential platform so self-evidently inflationary as the one put forward by Trump. I have little doubt that with the Trump program, we will see a substantial acceleration in inflation. https://t.co/7gWDWH3qXI
🚨 @RonBrownstein: “Trump’s Plan to Supercharge Inflation” “A growing number of economists…are warning that Trump’s second-term agenda of sweeping tariffs, mass deportation…and enormous tax cuts would accelerate, rather than alleviate, inflation.” https://t.co/xQ2jJdi8b4