President Donald Trump’s economic policies have sparked debate, with concerns over inflation, consumer confidence, and potential stagflation risks.
Rising Costs:
Despite promises to reduce prices, Trump’s tariffs and immigration policies could drive up costs for essential goods like energy, food, and housing. Economists warn that these measures may lead to higher inflation, impacting consumers.
Consumer Uncertainty:
Frequent tariff adjustments on imports from Mexico, Canada, and China have unsettled consumers, reducing spending and confidence in economic stability.
Stagflation Fears:
Economic experts caution that trade tensions could slow growth while raising prices, increasing the risk of stagflation—stagnant growth with inflation.
During Trump’s first term, GDP grew steadily until the pandemic caused a sharp decline in 2020. His second term faces economic challenges that could shape future financial stability.
