Report
The economic policy announced by Donald Trump would be detrimental for the United States
The economic policy proposed by Donald Trump includes: A universal tariff of 10% on imports, which would increase inflation and reduce purchasing power; An extension over time of the tax cuts in the Tax Cuts and Jobs Act of 2017, which are scheduled to phase out from 2025, but the fiscal deficit would increase sharply, and it is not clear that these tax cuts are still needed; Tax breaks for oil, natural gas and coal producers and the abolition of the Inflation Reduction Act; however, the IRA has boosted investment in energy transition and industrial reshoring. All things considered, Trump’s economic programme would mean higher inflation, lower real wages, higher fiscal deficits and a setback for the modernisation of the US economy.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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