Trump's Tariffs: A Boost to Global Economy & Household Budgets
Update: 2025-12-21
Description
Oxford Economics predicts that reversing President Trumps recent tariffs could boost global growth by half a percentage point each year, easing inflation and providing relief at the checkout. Harenberg suggests a bilateral trade deal scenario could further stimulate growth ahead of the 2026 midterm elections. Despite current tensions, historical trends indicate tariffs may not last long, potentially dropping back to pre-liberation levels within a decade.
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