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The Two-Headed Monster Stalking the Economy Has a Name: Stagflation
Stagflation has entered the chat. President Trump’s decision to dramatically raise tariffs on imports threatens the U.S. with an uncomfortable combination of weaker or even stagnant growth and higher prices—sometimes called “stagflation.” The U.S. has imposed 25% tariffs on Mexico and Canada, and another 10% hike on China following last month’s 10% increase.
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