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What does Donald Trump mean for money?
Trump’s return also brings tariffs back into focus, according to economist Adam Lawrence.
Adam Lawrence is an economist and housing provider who has been involved in over 700 property transactions in the UK over the past 15 years.
Photo Credit: Adam G Lawrence via Facebook
With Donald Trump back in the spotlight, economist and housing provider, Adam Lawrence, raises a critical question: “What does that mean for money [and] the markets?”
The markets have responded enthusiastically, with Bitcoin “through the roof” and stocks climbing as investors anticipate Trump’s pro-business policies. “I think that lower taxes will be a great idea,” says Lawrence, pointing to the possibility of increased profits and growth for American companies.
However, Trump’s return also brings tariffs back into focus. “Donald’s favourite word, tariffs, is going to be great things for American companies,” Lawrence explains. Tariffs might boost domestic demand, but Lawrence warns that “global markets… won’t do as well,” as other countries struggle with reduced U.S. demand.
One of the biggest concerns? The national debt. Trump’s growth-driven approach could backfire if inflation spikes, forcing interest rates higher. “If inflation stays high, interest rates will have to stay high,” Lawrence notes. And if that happens, Trump might rely on unconventional solutions. “I think that he might declare the U.S. bankrupt,” Lawrence says, referencing Trump’s previous business tactics.
In summary, while Trump’s policies could drive short-term market gains, his stance on debt and tariffs could create long-term economic instability. As Lawrence suggests, the real challenge will be whether Trump’s strategy leads to sustainable growth or leaves a financial crisis for “the next person who’s in the chair.”
