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Kelly of Morgan Asset Management said Trump's tariff plan will hit rise and push up inflation
Golden Finance reported that David Kelly of Morgan Asset Management said that President-elect Donald Trump’s radical tariff plan may drag down the global economy and exert upward pressure on US inflation. “The initial smoke signals indicate that the tariff measures will be very aggressive,” said the company’s chief global market strategist Kelly on Wednesday. He added, “Tit-for-tat tariffs will make the entire world poorer.”