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What would be the global impact of Trump’s economic policies? | Business and economy
Tariffs and tax cuts are the core of Donald Trump’s economic policy.
Donald Trump has threatened to increase tariffs as soon as he takes office as president of the United States on January 20.
The measures could affect his rivals and allies.
Trump says the measures are aimed at protecting American industry. But he went so far as to threaten to use economic force against Ottawa after suggesting that Canada should become America’s 51st state.
Many economists have warned that his policies, which also include tax cuts, could reignite inflation and lead to a global trade war.
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