The International Financial Association warns that Trump may make the US debt reach more than 50% of GDP

BlockBeats news, on November 14, analysts from the International Institute of Finance (IIF) said that the incoming president planned to cut taxes under the condition of unequal spending cuts, which would increase the US treasury bond from about 100% of GDP at present to more than 135% 10 years later. Inflation may also rise as Trump stimulates spending by imposing tariffs on foreign made goods and makes imported goods more expensive. The US treasury bond has reached nearly 36 trillion US dollars. The International Finance Association warned that if Trump's tax reduction plan causes more losses to the US Treasury than expected, the debt may reach more than 150% of GDP. In addition, the International Finance Association has pointed out that farms, buildings, and healthcare in the United States "heavily rely on immigrant workers," and cracking down on this group under Trump's leadership may "put additional upward pressure on prices. (Golden Ten)