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Trumpianomics: Why tariffs, and their effects on the US economy, inflation, interest rates, competitiveness and the USD

Tong Kooi Ong & Asia Analytica
Tong Kooi Ong & Asia Analytica • 27 min read
Trumpianomics: Why tariffs, and their effects on the US economy, inflation, interest rates, competitiveness and the USD
Higher US dollar will offset tariffs imposed, mitigating US domestic inflation. Photo Credit: Bloomberg
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Full Title: Trumpianomics: Why tariffs, and their effects on the US economy, inflation, interest rates, competitiveness and the US dollar

Just six weeks after being sworn in as the 45th president of the United States of America, President Donald Trump has taken swift actions and made numerous executive orders that are earth-shattering — to foes and friends alike, but especially to traditional friends.

On the domestic front, the Department of Government Efficiency (DOGE) aims to enhance transparency and reduce unnecessary government expenditures, bureaucracy, excessive governance, staffing, foreign aid contracts and even defence spending. On foreign policy, he shocked the world with his Gaza vision and attacked Ukraine and its president, and side-lined the EU.

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