TRUMP WON'T DO WHAT VOTERS WANT WHEN IT COMES TO LOWERING INFLATION: Agencies
Trump, who won the election in part because of Americans' dissatisfaction with inflation, may not be able to cool prices as much as voters expect, Nigel Green, chief executive of the deVere Group, said in a report. Trump's promise to impose tariffs on imports could have the opposite effect, as importers pass on the extra costs to consumers, Green said, adding, ‘While the goal is to protect U.S. businesses, the reality is that these tariffs could exacerbate the very inflationary pressures that Trump is promising to alleviate.’
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