Impact of Trump's policies on the US economy
The US economy is at risk of a deep recession due to Trump's assault on the federal government and trade wars with America's neighbours. Layoffs could reach 1 million, leading to significant negative impacts on job losses and economic health. The damage may not be immediately visible but could have far-reaching consequences.
Key Points
- Potential for historically large job losses
- Secondary shocks may spread far and wide
- Trade wars could have devastating effects on the North American auto industry
- Cuts in federal agencies and funding could lead to significant economic consequences
Cons
- Risk of deep recession
- Layoffs reaching 1 million
- Negative impacts on job losses and economic health
- Uncertainty in the economy and markets