A nonpartisan economic analysis warned that deporting migrants and increasing tariffs would damage the U.S. economy.The New York Times reports that a recent economic analysis, conducted by the nonpartisan Peterson Institute for International Economics, has warned that implementing former President Donald J. Trump’s proposals to deport migrants and increase tariffs would have damaging effects on the U.S. economy. The analysis predicts that these policies would lead to a decrease in economic growth and employment, as well as a sharp increase in inflation. The report also takes into consideration the potential impact of Mr. Trump’s desire to influence the Federal Reserve’s policies, which could further harm the economy. The study from the Peterson Institute, known for its support of free trade, specifically examines the effects of three key components of Mr. Trump’s agenda: deporting unauthorized migrants, imposing tariffs on all imports, and eroding the independence of the Federal Reserve. The report highlights that Mr. Trump has expressed a desire to weaken the Fed’s independence and has suggested that presidents should have a say in interest rate policy. However, the study concludes that these policies would ultimately have a negative impact on the American people, despite Mr. Trump’s promises to “make the foreigners pay.” 

Source:Read More