President Donald Trump's economic strategies, characterized by aggressive tariffs and a reduction in immigration and federal workforce, are inciting worries of stagflation in the U.S. economy. Economists, including advisors like Larry Kudlow and Stephen Moore, caution against the escalation of tariffs, which Trump is set to impose in what he describes as "Liberation Day." This alarming approach could lead to a scenario where the economy contracts, jobs are lost, and inflation remains high—a problem that hasn't been faced since the 1970s.
President Trump's economic policies, particularly his sweeping tariffs and immigration cuts, are raising fears of a stagflation crisis, reminiscent of the 1970s.
Despite advisements from his economic team, Trump is poised to implement the largest tariff hike since the Great Depression, dubbing it "Liberation Day".
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