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If Trump Doesn't Launch Trade War in His First Year, Is There Still a Need to Stimulate?

Blue has highlighted this Insight as a Top Pick
167 Views11 Nov 2024 18:19
SUMMARY
  • We believe key to Trump's MAGA agenda is to revamp the US growth model of using trade deficit to fund the economy. Trump needs to cut imports without elicit inflation;
  • A way to cut inflation is to structurally lower the US cost of living. To do so will affect the lives of millions which means income tax cut is necessary;
  • To lower income tax without adding trade deficit, Trump needs to scale back government spending. Elon Musk, if making good of its US$2tn cuts plan, will help.
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