Reported about 17 hours ago
Economist Torsten Sløk from Apollo Global Management has warned that President Trump's ongoing tariff policies may trigger a stagflationary shock in the U.S. economy, characterized by slow growth and high inflation. As tariffs on steel and Chinese imports were recently escalated, Sløk highlighted potential GDP declines and increased household taxes due to the trade policies. While markets have remained resilient for now, analysts emphasize the need for investors to prepare for the negative ramifications of these tariffs.
Source: YAHOO