Abel Lim, head of wealth management advisory and strategy at UOB, discusses the potential impact of US President Donald Trump's tariffs on consumer prices and the investment landscape. While tariffs are inflationary and will increase the cost of imports, Lim argues that Trump's pro-growth policies could create opportunities for investors, particularly in bonds and treasury yields.
Prices of luxury items can go up as much as 10 per cent if US President Donald Trump goes through with imposing tariffs, says our guest this week.US President Donald Trump ’s threats to impose tariffs could raise prices but his pro-growth policies could work for your investments. Abel Lim, head of wealth management advisory and strategy at UOB shares his insights on this week’s Money Talks.
Higher housing loans, higher mortgage rates, higher car loans, higher borrowing rates across the board, credit cards and so on.
Tariff Inflation Investments Trump Economy
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