Reported 6 months ago
Former President Donald Trump has recently suggested that Taiwan, which he alleges has taken the U.S. semiconductor market, should pay a 'protection fee' for American defense. This protectionist stance could lead to increased costs globally, worsening inflation if he were to win the presidency again. As Trump rallies support within the Republican Party, analysts warn that his policies, including tax cuts and tariffs, would further exacerbate inflationary pressures. Meanwhile, President Biden faces mounting pressure within his party ahead of the election.
Source: YAHOO