President-elect Donald Trump plans to impose a series of tariffs as he prepares to take office but Seth Carpenter, Chief Economist at Morgan Stanley, has expressed concerns that the proposed tariffs could hinder U.S. economic growth through 2026.
Trump proposed in his September presidential debate to impose extra duties ranging from 60% to 100% explicitly targeting goods imported from China, with a blanket 10% to 20% tariff on all imports, a strategy he claims will help extract funds from competing nations.
