Trump's Terms
Tariff forecast: higher prices, slower growth, no sign of an off-ramp
Apr 8, 2025
President Trump's trade war is causing ripples across global markets and changing the economic landscape. Experts discuss the looming rise in import tariffs and how this might inflate consumer prices while slowing economic growth. Predictions indicate potential recessions on the horizon, complicating the Federal Reserve's decisions on interest rates. The podcast unpacks the varied responses to these tariffs, highlighting both criticism and support from financial leaders caught in the fray.
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Quick takeaways
- The new tariffs implemented in the trade war are predicted to cause higher consumer prices and a slowdown in economic growth.
- The Federal Reserve is facing a complex challenge of managing inflation and unemployment amid rising prices and potential layoffs from tariffs.
Deep dives
Impact of Tariffs on the Economy
The implementation of new tariffs as part of the trade war is expected to lead to higher prices for consumers and a slowdown in economic growth. Forecasters warn that the situation could push the U.S. closer to a recession, impacting both domestic businesses and international partners that rely on exports to the U.S. Countries such as Japan and those in the European Union are facing significant tariff increases on their goods, contributing to global market volatility. This economic uncertainty has raised concerns among investors and led to a search for possible resolutions, including negotiations between the U.S. and trade partners.
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