Opinion: Trump is taking us back to the slow-growth, high-inflation 1970s — or worse - MarketWatch

1. Stagflation risks heighten due to supply chain disruptions and policy uncertainties. 2. U.S. disengagement from global trade networks may permanently raise costs. 3. Political pressure on the Federal Reserve complicates monetary policy decisions. 4. Trump's actions risk long-lasting economic uncertainty and potential recession. 5. History warns against protectionism; current tariffs echo past global trade wars.