Trump made a pledge to lower living expenses throughout his campaign. He said, “My plan will rapidly defeat inflation, quickly bring down prices, and reignite explosive economic growth,”
In a September address in front of the Economic Club of New York. BI has been informed by economists that his suggestions may cause inflation.
Trump has suggested increasing global taxes on Chinese imports, which might result in increased prices being passed on to customers. In September, economist Wendy Edelberg told BI,
“It’s pretty clear to me, all else being equal, you reduce the labor supply very abruptly, and you’re going to get an increase in inflation because of an increase in prices.”
