Trump’s Tariffs Plan Would Raise Prices for Americans, Model Shows
- Protectionist plan also would hit economic growth, model shows
- Republican pledges 60% duty for China, 10% for rest of world
Trump’s plans would leave consumer prices 2.5% higher and gross domestic product 0.5% lower after two years, according to the model.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
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The tariff plan that Donald Trump has vowed to impose would likely send inflation above the Federal Reserve’s target and pressure the central bank to raise interest rates, Bloomberg Economics said in a report.