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The Guardian - UK

Business

Heather Stewart

Trump policies make US ‘scary place to invest’ and risk stagflation, says Stiglitz

Donald Trump Joseph Stiglitz United States Scott Bessent Economy Inflation US Treasury

a stack of organic buffalo tomatoes on sale in a shop with a green price ticket saying $3.49 a pound weight — Stiglitz argues uncertainty over Trump’s policies are likely to slow economic growth while tariffs will drive up inflation. Photograph: Allison Dinner/EPA

Donald Trump’s tariff threats have made the US “a scary place to invest” and may unleash stagflation, the Nobel prize-winning economist Joseph Stiglitz has said.

“It risks the worst of all possible worlds: a kind of stagflation,” Stiglitz said in an interview with the Guardian.

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