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International Business Times
International Business Times
World
Daniel AVIS

Low Taxes, High Tariffs: What A Trump Victory Means For The US Economy

Donald Trump has said he would hike tariffs on imports by between 10 and 20 percent (Credit: AFP)

Donald Trump's victory in the 2024 US presidential election is likely to usher in a raft of economic changes at home and abroad, touching everything from foreign trade to the independence of the US central bank.

He will reap the benefits of an economy that is in good shape, with strong growth, low unemployment, and inflation that is rapidly approaching the Federal Reserve's long-term two percent target after years of higher interest rates.

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