- President Donald Trump is aggressively pursuing protectionist policies.
- Tariffs cause prices to rise and can stall growth.
- Analysts are warning that 1970s-like stagflation could be ahead.
In a broad effort to rearrange global trade relationships, President Donald Trump has slapped tariffs on some of the US’s biggest business partners. And as effects of protectionism kick in, analysts caution against heading toward a repeat of the 1970s when rising inflation, high unemployment levels, and stalling growth plagued the economy