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Economists Fear Trump's Tariff Policies Will Harm U.S. Growth

The article from MSN discusses concerns among economists regarding former President Donald Trump's tariff policies and their potential negative impact on U.S. economic growth. Trump has proposed a universal baseline tariff on most imported goods and significantly higher tariffs on Chinese imports, aiming to protect American industries. Critics argue that these policies could lead to higher costs for consumers, retaliation from trade partners, and a decrease in economic efficiency. The article highlights that while Trump's approach might appeal to some domestic manufacturers, it could disrupt global trade, increase inflation, and potentially lead to a trade war, all of which could stifle economic growth. Economists fear that these tariffs would not only affect international relations but also domestic economic stability by reducing consumer purchasing power and increasing business costs.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/economists-fear-trump-s-tariff-policies-will-harm-u-s-growth/ar-AA1wXLe7 ]