Trump Criticizes Harris's Economic Proposals

Former President Donald Trump has criticized Vice President Kamala Harris's new economic proposals, labeling them as 'communist' and warning they could exacerbate inflation. Harris's plan includes measures such as a federal ban on price gouging and construction of 3 million housing units to combat the housing crisis. In contrast, Trump proposes imposing 10% to 20% tariffs on foreign goods, which economists warn could raise costs for American consumers and potentially trigger retaliatory tariffs. Analyses predict that Trump's tariffs could reduce US imports by $5.5 trillion over a decade and decrease average after-tax incomes by $1,800 per household by 2025. Experts argue that such tariffs would harm US businesses and consumers, particularly those from lower-income households, while potentially reducing economic output and employment. Both candidates' economic strategies have become focal points in their campaigns, reflecting starkly different visions for addressing the nation's economic challenges.