Six ways Trump will upend the US economy
Posted on 11/15/2024
Donald Trump will face early pressure to drive down prices fast after he weaponised widespread anger over inflation to recapture the White House.
The president-elect has given himself a year to halve people’s energy bills, and is expected to sign into law a renewal of sweeping tax cuts passed during his last administration that are due to expire in 2025. He has also pledged to deregulate industry, push for lower interest rates and impose steep tariffs on imported goods as part of a radical plan to overhaul the US economy.
President Biden and his vice-president, Kamala Harris, both ran against him on a platform that emphasised historically low unemployment, GDP growth that has far outstripped every other G7 country and heavy investment in America’s economic
The president-elect has given himself a year to halve people’s energy bills, and is expected to sign into law a renewal of sweeping tax cuts passed during his last administration that are due to expire in 2025. He has also pledged to deregulate industry, push for lower interest rates and impose steep tariffs on imported goods as part of a radical plan to overhaul the US economy.
President Biden and his vice-president, Kamala Harris, both ran against him on a platform that emphasised historically low unemployment, GDP growth that has far outstripped every other G7 country and heavy investment in America’s economic
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