According to ChainCatcher, analysts at the Institute of International Finance (IIF) said that Trump's plan to cut taxes could cause the U.S. national debt to rise from 100% of GDP to more than 135% within 10 years.
Inflation could rise as Trump's tariffs on foreign goods spur spending, making imports more expensive. If the tax cuts are more expensive than expected, the debt could reach more than 150% of GDP.
The IIF also noted that U.S. farm, construction and healthcare industries rely on immigrant workers, and cracking down on immigration could put upward pressure on prices.