With President-elect Donald Trump retaking the White House this Monday comes a slew of administrative actions he is ready to enact on his first day in office, including his much-talked-about tariff proposals, corporate tax changes, and immigration policies.
LPL Financial chief economist Jeffrey Roach discusses how these factors could impact the US economy in the coming months on Catalysts.
When discussing the effects of ramped-up tariffs, Roach emphasizes, “We're not walking into a dark room and not knowing exactly how tariffs do impact an economy." Roach suggests potential tariffs may have a moderate economic impact, but thinks the lasting consequences of them are unknown.
Roach transitions into talking about the incoming administration's tightened immigration policy promises.
"Tighter immigration policies would actually nudge domestic-born workers to reenter the labor force," Roach explains. He says this would “be a good thing for Americans” as it could help US workers, but it would also slow sectors like construction and hospitality.
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Watch the video above to hear Roach elaborate on the lessons from Trump’s previous tariffs and how he supports corporate tax cuts to foster business growth.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
The post was written by Josh Lynch