Charles Schwab director of senior investment strategist Kevin Gordon joins Catalysts to discuss his economic outlook as President-elect Donald Trump prepares to take office.
“There’s a pro-growth side of this, there’s an anti-growth side of this,” Gordon explained. He identified potential pro-growth factors, including deregulation and possible extensions of the TCJA corporate tax cuts. However, he cautioned that proposed tariffs and stricter immigration policies could have anti-growth effects.
“Potentially, they offset each other, but I think that the sequencing is pretty important here,” Gordon noted. He explained that while the tax cuts don’t expire until 2025, making them a 2026 consideration, immigration and tariffs are likely to be immediate priorities for Trump. “From a market volatility sense, that is probably more of the driver,” he adds.
Watch the full interview above for more insights into how Trump’s proposed immigration policies and mass deportation plans could impact economic growth and GDP.
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