The impact of Trump’s new tariffs on world economy in year 2
reports Mehr News Agency , Brandon Turks Strategist ‘s top market in the region believes that it may be more difficult to overcome inflation at the end of the year. This strategist provided a fully optimistic evaluation of US economic health, but said Trump’s government’s policies on tariffs and immigration have caused uncertainty and foggy in forecasting this year. Becomes.
statements turbership The day before the White House announced that tax on three major US business partners Applied Saturday, expressed.
According to the New York Times, Mexico and Canada goods will be subject to a 5 % tariff, while Chinese goods will be subject to a 5 % tariff.
These three countries make up one-third of imported or purchased goods and services from the US. For Alabama, these three countries are the second, third and fourth largest markets produced in the state; $ 1.5 billion for Canada a year about $ 1.5 billion for China and $ 1.5 billion for Mexico. The government of all three of these countries have committed to responding to US exports by their tariffs.
turboche predicted that tariffs would have a downward pressure on growth and increased pressure on inflation. Before announcing tariffs, Turbers said that analysts based on Current Growth Conditions for 5 % for The US economy predicts 2 % and 5 % in year 2. The country’s economic growth over the past two years has been 4.9 % and 4.9 %, respectively.
, according to this strategist This is a significant decline, but 5 % is historically more stable. At the same time, the labor market with the growth of the labor force has been a key stimulus for the US economy, with a 5.5 percent growth and fixed unemployment in 5 %.
The US economy is two-thirds of consumerism, and with a 5 % increase in stock prices in consecutive years and the overall rise in asset prices, with the opening of 5 million jobs, US consumers are still at the point of confidence. Are very good.
inflation has decreased significantly in the past 5 to 6 months, but Turbers said that in the next few years in the next few years About 2.5 % remain relatively sticky. He said, however, that immigration policy could have a greater impact on tariffs on the economy.
Trump signed several executive orders immediately after the launch of some, some of whom were collecting illegal immigrants and promising collective dismissal. While it is believed by Turks Increasing workforce has been the main stimulus of economic growth.
According to the expert, the firing of a group of immigrants will have to effectively enter the workforce and assuming that they can find people who want to get those jobs with those jobs. Make higher wages. Therefore, at least in the short term, there will be a gap in the labor market.
