Protectionism and the US Economy: The Consequences of the 2024 Presidential Election
Thursday, 26 September 2024, 10:33
Protectionism Measures Proposed by Trump
The 2024 presidential election is shaping up to be a pivotal point for the US economy concerning international trade policies. The likely return of Donald Trump has reignited discussions on protectionism, with potential proposals to increase tariffs impacting trade dynamics.
The Risk of Rising Tariffs
- Economic Analysis: Studies suggest a tough stance on tariffs could lead to significant inflation.
- Interest Rates: If inflation spikes, the Federal Reserve may respond with higher interest rates, slowing economic growth.
Impact on International Relations
With Kamala Harris potentially opposing these moves, the policy direction for the United States may create a consequential ripple in global trade relationships.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.