Trump's Tariffs Threaten Inflation

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tariffs

CBS News

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Business

Business & Economics

Here's why experts think Trump's tariffs could hurt the U.S. economy

Summary

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86% Informative

President Trump 's tariffs could lead to more dire economic scenarios, including a recession or stagflation.

Many economists say the tariffs will accelerate inflation and dampen U.S. economic growth.

The risks of a downturn include at least two consecutive quarters of negative growth in the nation's gross domestic product.

A hike in inflation could add $ 1,000 in annual costs for low-income households.

Deutsche Bank : Tariffs could shave 1 - 1.5% from growth this year and add a similar amount to core PCE inflation.

Capital Economics : "The risks are to the downside and we would put the odds of a recession at about 30% " Morningstar : "Tariffs announced April 2 , if maintained, represent a self-inflicted economic catastrophe for the U.S. ".

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Neutral language

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formal

Language

English

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not offensive

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not hateful