Concerns About Trump Presidency Part 3: Domestic Policy
See the first article in this series, Concerns About Trump Presidency Part 1: Important Intro.
Economics
It’s difficult to know if Trump will actually enact what he has suggested—high tariffs on all imports—but economists generally all agree this will lead to inflation. The goal of bringing more manufacturing back to the U.S. may be a good one. But in the best case, it won’t happen overnight. And even if it does, domestic manufacturing is more expensive, so therefore the products it produces will cost more. This is why so much manufacturing went to foreign countries to begin with and why Walmart’s prices are so low for example.
It’s really ironic—Walmart is like rural America’s store where those with low incomes can buy the Continue reading