(MENAFN– Khaama Press)
Journalist Fareed Zakaria warns that Donald Trump’s economic plans could harm U.S. growth and raise inflation.
Zakaria believes that Trump’s damage to the economy would surpass any negative effects of liberal policies proposed by the Democrats.
Many view Trump as an economic expert due to his business background, but Zakaria argues that his strategies, like tariffs and deportations, would actually hurt growth and raise prices.
He cites research indicating that implementing Trump’s policies could shrink the economy by up to 9.7% and inflation could rise by over 7% by 2026.
Families might pay about $2,500 more annually due to tariffs, affecting all income levels.
Zakaria concludes that Trump’s proposals would be more damaging than Democratic plans, which focus on investing in the economy. He highlights that Biden’s initiatives have already reduced child poverty significantly.
Both Trump and Vice President Harris need to remember that real economic growth comes from market forces, not just government intervention.
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