Article 3W9EE Are Donald Trump's policies hurting long-term US growth? | Kenneth Rogoff

Are Donald Trump's policies hurting long-term US growth? | Kenneth Rogoff

by
Kenneth Rogoff
from Economics | The Guardian on (#3W9EE)

The country's presidents have more influence over long-term trends than short-term fluctuations

President Donald Trump regularly thumps his chest and claims credit for each new uptick of the fast-growing US economy. But when it comes to economic performance, the country's presidents have considerably more influence over long-term trends than over short-term fluctuations.

Trump's tax cuts and spending hikes have indeed provided extra short-term stimulus. So, too, apparently, have foreign buyers of American products such as soybeans, who are rushing to stock up before the tariff war fully heats up.

Related: Is this the end of the road for the euro? | Hans-Werner Sinn

Many of the regulations that Trump is targeting ought to be strengthened, not eliminated

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments