Trump’s Tariffs May Trigger Stagflation and Hurt His Popularity
Donald Trump campaigned on a promise to lower prices for American consumers. However, his administration’s recent tariffs could have the opposite effect. If tariffs lead to increased inflation while simultaneously stalling U.S. economic growth, we may see a significant decline in Trump’s popularity.
As inflation rises, consumer spending power erodes. This situation can prompt dissatisfaction among voters who entrusted Trump with alleviating their financial burden. Experts argue that a rise in costs due to tariffs may negate any economic gains resulting from his presidency.
Moreover, the visibility of rising prices could mobilize opposition against him, causing a ripple effect through voter sentiment. It is crucial for the White House to reconsider its tariff strategy to prevent potential economic backlash.