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Minutes from the Federal Reserve's January meeting released on Wednesday revealed members of its committee believe Trump's policies might "hinder the disinflation process". "Business contacts in a number of districts had indicated that firms would attempt to pass on to consumers higher input costs arising from potential tariffs,

In terms of international trade, since the 1980s, Donald Trump has perceived the United States as a victim of economic globalization, according to Dr. Rafał Szymanowski from Adam Mickiewicz University in Poznan.