Dr Thomas Gift spoke about what could happen with Trump back at the helm of American politics.
Prices will soar and trade could be badly impacted around the world during Donald Trump 's first 100 days back in The White House, according to an expert. Dr Thomas Gift fired the warning as the 78-year-old Republican Party leader is set to begin his second term as President of the United States.
But his second term may do the opposite, and instead send consumer prices soaring for the average American. Dr Gift, Director of the Centre on US Politics at UCL spoke about his tenure amid growing fears that the economy will be thrown into chaos with Trump's plans to impose sky-high tariffs on all imports into the US.
We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don’t like our community, you can check out any time you like.If you’re curious, you can read our Privacy Notice. Europe is especially set to take a big hit from this, as they sell around one-fifth of their imports to the United States. Dr Gift adds: "It could have deleterious effects for trade and the international economy more generally. In the US, those tariffs will essentially translate into higher prices for consumers because they’re getting passed onto everyday Americans on items that they purchase.
"There are some things Trump can do – he’s going to push for the border wall, he’s going to push for more spending, more security at the border – but promises to undertake mass deportations are unrealistic, and are not going to transpire.” Environmentalists both in the US and across the world have also suffered a major blow in the wake of Trump's victory.
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