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News in English (USA) / 26.09.2024 / 22:00

Concerns Rise Over Trump's Economic Plans Ahead of 2024 Election

A series of recent studies and expert opinions warn that Donald Trump's proposed economic policies could lead to significant inflation, job losses, and contraction of the U.S. economy. Critics highlight that Trump's plans for mass deportations, tariffs, and tax cuts could trigger skyrocketing inflation and elevate unemployment rates. Experts argue that these economic strategies, often referred to as 'Trumponomics,' might reshape America's economy negatively, with projections suggesting a potential contraction between 2.6% and 6%. Additionally, the ripple effects of Trump's economic proposals might extend beyond U.S. borders, potentially destabilizing international economies as well. As the 2024 election approaches, many analysts stress the need for voters to be wary of the long-term repercussions of Trump's return to office.
CNN, The New Republic, Peterson Institute for International Economics, Vanity Fair, The New York Times, Quartz, Financial Times, Axios, EL PAÍS USA, CBC News