Analyst: Trump may drive strong growth in the US economy through tariff reductions and a wave of tax rebates

BlockBeats News, January 2 — Yardeni Research President Ed Yardeni predicts that Trump will turn tariffs from barriers into chips, using a combination of tariff reductions and tax rebates to drive the US economy to achieve strong growth of over 3%. Price pressures will serve as a catalyst, forcing the Trump administration to shift from protectionism to trade easing, leveraging negotiated chips to lower tariffs. The strategic goal has been achieved, and the White House is now in a position to ease inflation by reducing tariffs. Treasury Secretary Bessent also hinted that the effectiveness of tariffs is waning. Additionally, Yardeni warned that if a major geopolitical shock occurs (such as worsening European situations), all economic forecasts will become invalid. (Jin10)