> What will happen to the economy if Trump enacts his "plan"?

The tariffs that Trump keeps talking abuut - not Project 2025, but what he's mentioned in interviews and at rallies - will end up costing families thousands of dollars in higher prices.  There will likely be secondary effects when countries targeted by the tariffs retaliate.  Remember, Trump tried this with China, and ended up giving farmers over $1B in subsidies when the Chinese decided to buy grain elsewhere.

But at least billionaires will get tax breaks.

wrote:

The tariffs that Trump keeps talking abuut - not Project 2025, but what he's mentioned in interviews and at rallies - will end up costing families thousands of dollars in higher prices.  There will likely be secondary effects when countries targeted by the tariffs retaliate.  Remember, Trump tried this with China, and ended up giving farmers over $1B in subsidies when the Chinese decided to buy grain elsewhere.

But at least billionaires will get tax breaks.

Absurd fiction.

wrote:

Absurd fiction.

This is what happened last time.

Phillip_McCavity wrote:

And domestic firms will raise their prices to match the higher prices.

False.

https://x.com/EricLDaugh/status/1850674805072175249

Phillip_McCavity wrote:

And domestic firms will raise their prices to match the higher prices.

No they wont, Trump will EXECUTE them.

wrote:

Trump is politically and economically clueless.
He’s been bankrupt how many times?
How’s his recent stock going?

When's the last time you had an abo cock inside you, you nasty old jew bitch?

Why did you care about gas prices when Biden was POTUS?

Diarrhetrius Brown wrote:

All the illegals will get their filthy asses kicked to the border and sent home!

Inflation will be greatly reduced as Bidennomics is PURE FUQING SHYT!

https://www.investopedia.com/us-inflati … nt-8546447

Donald Trump (2017–2021)
Average YOY Inflation Rate: 1.9%

The average year-over-year inflation rate under President Donald Trump was 1.9%. Inflation remained low during Trump’s presidency.

When the COVID-19 pandemic hit in 2020, bringing a brief but severe recession along with it, the Trump administration declared a state of emergency and passed stimulus measures such as the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act in an attempt to provide relief to individuals and businesses.

The economic policies followed by the Trump administration are now known as Trumponomics.

Joe Biden (2021–)
Average YOY Inflation Rate: 5.2%*

The average year-over-year inflation rate under President Joe Biden so far is 5.2%. Biden signed the American Rescue Plan Act in 2021, a $1.9 trillion stimulus package to help the country recover from COVID-19. In the wake of the COVID-19 pandemic recovery and after the Russian invasion of Ukraine in 2022 caused gas prices to soar, inflation rose to record levels not seen since the 1980s.

Inflation peaked at 9.1% year-over-year in June 2022, the highest increase in 40 years.

U.S. Bureau of Labor Statistics. “Consumer Prices Up 9.1% Over the Year Ended June 2022, Largest Increase in 40 Years.”

The Fed responded by raising interest rates 11 times since March 2022 in an attempt to cool the stubborn inflation. While inflation did come down from its 2022 peak in 2023, it still remains above the Fed’s 2% target.

In September 2024, the Fed is expected to make its first rate cut in four years. Biden's economic policies are now referred to as Bidenomics.

*The average year-over-year inflation rate for the Biden administration was calculated for the years 2021 to August 2024, since Biden’s term is still ongoing