2024 Trump campaign proposes high tariffs and tax cuts, with economists predicting potential consumer cost increases and federal deficit impacts.

In his 2024 presidential campaign, Donald Trump emphasizes tariffs and tax cuts to boost U.S. manufacturing. He proposes 10-20% tariffs on imports, 60% on Chinese goods, and 100% on cars from Mexico, aiming to reduce outsourcing and create jobs. However, economists predict these tariffs could raise consumer costs by $2,000 to $6,000 annually. Trump's tax cuts may add $3.6 trillion to $6.6 trillion to federal deficits, raising concerns about economic repercussions.

September 23, 2024
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