Will Trumponomics cause a slowdown for the US economy?

January 16, 2025

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Donald Trump’s economic agenda blends deregulation, anti-immigration policies, higher tariffs, and loose fiscal policy—an approach that "cuts in multiple different directions," says Jon Lieber during a GZERO livestream to discuss the 2025 Top Risks report. Lieber says deregulation could boost productivity, while measures like deportations and trade barriers risk straining industries reliant on foreign labor and open markets. With markets pricing in optimism but key sectors facing uncertainty, the impact of Trumponomics will hinge on how far the administration goes in implementing its campaign promises in 2025 and beyond.

Take a deep dive with the panel in our full discussion, livestreamed on Jan. 6 here.

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Will Trumponomics cause a slowdown for the US economy?

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More from GZERO Media

Tristan Harris, co-founder of the Center for Humane Technology, joins Ian Bremmer on the GZERO World Podcast to talk about the risks of recklessly rolling out powerful AI tools without guardrails as big tech firms race to build “god in a box.”

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Think you know what's going on around the world? Here's your chance to prove it.

As we race toward the end of 2025, voters in over a dozen countries will head to the polls for elections that have major implications for their populations and political movements globally.

AI can accelerate solutions to global challenges, but the gap between potential and practice is widening. The challenge: unlock its promise while ensuring responsible governance. Subscribe to Bank of America Institute today to stay informed.