Trump’s Proposed Tariffs Raise Economic Uncertainty for 2025

Economists warn that sweeping tariff plans could disrupt inflation progress and impact consumer costs as Trump prepares for his second term.

Donald Trump has proposed tariffs ranging from 10% to 20% on imports from allies and adversaries, with additional threats of 100% tariffs on BRIC nations if they adopt a shared currency.
Economists predict these tariffs could increase inflation, with estimates suggesting U.S. households could face additional costs of $1,500 to $2,600 annually.
Goldman Sachs and other analysts are skeptical about the full implementation of Trump's tariff threats but warn even partial measures could delay inflation returning to the Federal Reserve's 2% target.
The housing market remains constrained by high mortgage rates and supply shortages, though experts anticipate rates may ease later in 2025, potentially improving affordability.
While the U.S. economy has shown resilience with stable growth and employment, uncertainties around trade policy, geopolitical risks, and fiscal measures leave the outlook for 2025 unclear.