Peter Zeihan: Inflation Under Trump 2.0

August 4, 2025

We spoke about monetary policy last week, but let’s lift the hood. Today, we’ll be discussing the inflation outlook under Trump’s second term, focusing on tariffs, immigration, and supply chain disruptions.

We’re seeing inflation climb. The consumption-led recession has begun, and as Trump’s tariffs continue to roll out, things will only worsen. Labor shortages, driven by immigration enforcement, are pushing labor costs up. And the impacts to global supply chains are hitting housing, food, and transport.

With a dysfunctional Congress, an understaffed administration, and a Republican party with no real plan…prices will continue to tick up and instability will deepen.

Peter Zeihan is a geopolitical strategist, which is a fancy way of saying he helps people understand how the world works. He combines an expert understanding of demography, economics, energy, politics, technology, and security to help clients best prepare for an uncertain future. With a keen eye toward what will drive tomorrow’s headlines, his irreverent approach transforms topics that are normally dense and heavy into accessible, relevant takeaways for audiences of all types. To host him for a speaking opportunity, contact WWSG.

Relevant posts

Peter Zeihan: The Fire Hose of Chaos: China’s First Domino

As the pressure within the Chinese system continues to mount, you can expect to see signs as the first few things begin to crack. Those…

Thought Leader: Peter Zeihan

Peter Zeihan: Some Clarity on US-China Relations

It’s a bird, it’s a plane, it’s…some long-awaited clarity on US-China relations. Here are the two major developments that we’re tracking and what they mean…

Thought Leader: Peter Zeihan