Feb 12 • 07:37 UTC 🇰🇷 Korea Hankyoreh (KR)

Trump's Four Economic Policies Including Tariffs and Immigration Restrictions Expected to Boost U.S. Growth Rate by 1% This Year

Trump's economic policies, including tariffs and immigration restrictions, are projected to contribute positively to the U.S. growth rate in 2023 after a mixed impact in 2022.

Following the announcement of Trump's tariff policies in April last year, many forecasts predicted an impending recession for the U.S. economy; however, the actual economic performance has exceeded expectations. The International Financial Center's report suggests that the four major economic policies of the Trump administration—tariffs, immigration restrictions, tax cuts, and deregulation—had a minor negative impact of around -0.08% on the U.S. growth rate last year but are expected to elevate it by approximately 1% this year. The International Monetary Fund has also revised its U.S. growth forecast for this year up to 2.4%, indicating a bullish outlook for the U.S. economy based on these policies.

📡 Similar Coverage