Donald Trump’s proposed tariffs could hurt the economy unless paired with strong fiscal support, analysts warn. Trump plans tariffs of 10% to 20% on $3 trillion in imports, including a 60% tax on Chinese goods, and has threatened high tariffs on goods from Mexico and on John Deere if it shifts production. He argues these measures protect US jobs and combat unfair trade practices.
While tariffs have bipartisan support, economists worry they may raise consumer prices and harm growth without fiscal backing. As Trump and Kamala Harris remain tied in polls, the economic impact of a Trump win would depend on his trade policy’s timing and intensity.
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