Reported 3 months ago
As the odds of former U.S. President Trump winning the election in 2024 increase, analysts warn of the potential resurgence of global inflation during his second term, attributing it to his 'America First' policies that would escalate global costs. Experts suggest that the high tariffs and low tax rate economic policies implemented by Trump during his first term could have more destructive consequences this time due to the lingering 'inflation mindset'. They predict that Trump's policies could not only boost inflation in the U.S. but also drive up prices globally, especially in Asia, affecting Asian stocks negatively and leading to stagnant inflation in the global economy.
Source: YAHOO