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Summary

Financial markets reacted quickly to Donald Trump’s return to the presidency, with higher share prices, a stronger dollar, and expectations of slower interest rate cuts.

Trump has outlined plans to cut taxes, impose high tariffs, restrict migration, and reduce regulations. Economists warn that his economic policies could hinder growth and drive up consumer prices, while benefiting corporate profits.

Trump’s tariffs, especially a 60% levy on Chinese imports, are expected to strain the eurozone.

Inflationary pressures from his policies may also challenge the Federal Reserve’s efforts to lower interest rates.

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[-] NegativeLookBehind@lemmy.world 144 points 1 month ago

America: “Inflation under Biden is awful”

Trump: “Elect me and I’ll make it worse”

America: “Yup, that’s our guy”

[-] spankmonkey@lemmy.world 81 points 1 month ago

Two years after Trump makes it worse: "Why did the Dems tank the economy?"

[-] joekar1990@lemmy.world 39 points 1 month ago

"How could Joe Biden do this to us!" Person exclaims after GOP controls the house, Senate and executive branch.

[-] Retreaux@lemmy.world 21 points 1 month ago

Don't forget the judicial branch!

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this post was submitted on 06 Nov 2024
251 points (100.0% liked)

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