Trump presidency could cost U.S. economy $1 trillion: Oxford Economics

September 13, 2016 4:43 PM

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Trump presidency could cost U.S. economy $1 trillion: Oxford Economics

LONDON The U.S. economy could be $1 trillion smaller than otherwise expected in 2021 if Republican candidate Donald Trump wins the presidential election in November, economics research firm Oxford Economics said on Tuesday.

While the firm said Trump's policies - including more protectionist trade measures, tax cuts and mass deportation of illegal immigrants - may be watered down in negotiations with Congress, they could have "adverse" consequences.

Also read: Trump Names Tomas Philipson as Second Member of Council of Economic Advisers

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