Dr. George Athanassakos argues that while tariffs will result in higher short-term inflation, the bigger problem is that tariffs will amplify the long-term underlying secular inflation trends, ultimately leading to sustainably higher interest rates and lower economic growth - in other words, stagflation in his latest article titled "Why the trade war may lead to stagflation", published in the Globe and Mail (Report on Business), p. B9. The article also appeared in Globe Investor Magazine Online, under the title "No matter what happens in this trade war, interest rates are moving up over the long haul" on April 9, 2025. View PDF.
