When Donald Trump ascends to power in January, he will be taking charge of various kinds of economic plans, including imposing tariffs on foreign imports, especially on products made in China. This would be a bit to save domestic production but would be an inflationary move as product prices would move up in the longer run. However, the President-elect is of the opinion that this could be a great move in various industrial sectors, be it electronics or agriculture, or even industrial equipment for that matter.
Meanwhile, Wall Street remained on vacation this week, and the US stock market kept up its rise, with the likes of S&P 500 dominating the charts and maintaining it’s upward trend. It is expected to grow higher in the next few weeks leading up to the end of 2025.
However, there are strong fears of major inflation in 2025 when Donald Trump steps up to take up the role of the US President. Based on his inflationary economic plans, things could indeed take a dive at the US stock market, which would then have the potential to create a momentum for a market crash, feel experts.
FAQs:
Is Donald Trump the new President-elect?
Yes, Donald Trump is currently the new President elect of the United States, after having won the US Presidential elections 2024.
Is the US economy headed towards a recession?
The US economy is heading towards a recession in the coming months leading to Donald Trump’s ascension to the role of the US President, according to experts.
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