Donald Trump has a big problem relative to the economy which is the national debt. If he re-approves the tax cuts established in his first term in 2025 he and the Republicans are going to have a big problem with the national debt which will impact interest rates and slow down the economy. He is going to implement his tariff regime to gen…
Donald Trump has a big problem relative to the economy which is the national debt. If he re-approves the tax cuts established in his first term in 2025 he and the Republicans are going to have a big problem with the national debt which will impact interest rates and slow down the economy. He is going to implement his tariff regime to generate new revenue to mitigate the impact of extending his tax cuts. The tariffs will raise costs to American consumers across the board with the middle class and poor families paying an estimated $4000 per year and that is what he is going to do. The result of this scenario is US consumers will have less money, consumption will decrease, and the economy will grind to a slow halt, i.e. the US economy will go into recession. Of course, Donald Trump will blame this on Biden and the Democrats but he will cause it and the Democrats will get elected in 2028 and they will spend the next 6 years digging out of the fiscal / monetary mess MAGA will leave them.
Donald Trump has a big problem relative to the economy which is the national debt. If he re-approves the tax cuts established in his first term in 2025 he and the Republicans are going to have a big problem with the national debt which will impact interest rates and slow down the economy. He is going to implement his tariff regime to generate new revenue to mitigate the impact of extending his tax cuts. The tariffs will raise costs to American consumers across the board with the middle class and poor families paying an estimated $4000 per year and that is what he is going to do. The result of this scenario is US consumers will have less money, consumption will decrease, and the economy will grind to a slow halt, i.e. the US economy will go into recession. Of course, Donald Trump will blame this on Biden and the Democrats but he will cause it and the Democrats will get elected in 2028 and they will spend the next 6 years digging out of the fiscal / monetary mess MAGA will leave them.