The economic effects of Trump's plans for tariffs, deportations, and the Fed

The Peterson Institute for International Economics held a launch event to discuss the Working Paper, The international economic implications of the Trump Program, by Megan Hogan, Warwick J. McKibbin, and Marcus Noland at 9 am - 10 am EDT, September 26 2024.

Former president and Republican presidential candidate Donald Trump has campaigned on plans to increase tariffs and deport unauthorized immigrants, and he has said the president should have more influence over the Federal Reserve’s monetary policy. The authors find these policy changes would harm the US economy—causing higher US inflation and lower employment and GDP than otherwise would occur. The main sectors that would be hit are agriculture and durable manufacturing. Some of the world’s economies would benefit by some measures, while others would be damaged but not as much as the United States. A Q&A session with the audience moderated by Adam S. Posen follows the discussion.

MODERATOR
Adam S. Posen
President, PIIE

PRESENTERS
Warwick J. McKibbin: Nonresident Senior Fellow, PIIE; Australian National University
Marcus Noland: Executive Vice President and Director of Studies, PIIE.

Working Paper:
The international economic implications of a second Trump presidency
Warwick J. McKibbin (PIIE; Australian National University), Megan Hogan (Former PIIE) and Marcus Noland (PIIE)

Blog
How much would Trump’s plans for deportations, tariffs, and the Fed damage the US economy?
Warwick J. McKibbin (PIIE; Australian National University), Megan Hogan (Former PIIE) and Marcus Noland (PIIE)

Blog
Mass deportations would harm the US economy
Anjali V. Bhatt (PIIE), Megan Hogan (Former PIIE), Marcus Noland (PIIE) and Warwick J. McKibbin (PIIE; Australian National University)

Source

The economic effects of Trump's plans for tariffs, deportations, and the Fed