Скачать или смотреть Weekly review | Trump’s Tariff Impact, Deficit Spending Crisis

In our Q1 global economic forecast, we predicted a Trump victory in the 2024 election, anticipating he would implement a universal tariff on imports. This move is expected to drive up U.S. consumer prices and complicate the Federal Reserve's efforts to control inflation. Our Q2 forecast includes potential retaliations from China and the EU, which could further impact U.S. inflation and GDP growth. If Biden wins, we expect more targeted tariffs, resulting in lower inflation and more Fed rate cuts. Both candidates' protectionist policies suggest continued inflationary pressures and potential economic slowdown.

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