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Tariffs are by now a well-known form of taxation.
There has been much written and even more said, he said.
We will know more after the timing, magnitude and agreements are all worked out.
It is too soon to claim to have all the answers.
However, there are some broad strokes to share.
Heres why hes confident thiswill be the case.
However, Lokar does expect inflation to remain high.
We do anticipate inflation staying elevated in 2025 in concert with this growth, he said.
While Lokar does not expect Trumps tariffs to cause a recession, he does believe they could increase inflation.
Looking at history, implementing tariffs is not animmediate causal driverof recession, Lokar said.
Will There Be a Recession in the Near Future?
We do not currently have a recession in our forecast for thenext two years, he said.
Lokar believes that we are headed for a strong economy in the year to come.
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