Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.” Yet most mainstream economists say Trump’s policy proposals wouldn’t vanquish inflation. They’d make it worse.
Members of the Kennedy family gather for funeral of Ethel KennedyHarris slams Trump for suggesting military handle 'enemy from within' as they vie for PennsylvaniaTrump's Pennsylvania town hall turns into impromptu concert after medical incidentsLindor homers as Mets stop Dodgers' scoreless streak in 7-3 win, head to NY with NLCS tied 1-1Christopher Reeve's kids wanted to be 'honest, raw and vulnerable' in new documentary 'Super/Man'Lilly Ledbetter, an icon...
What’s more, as tariffs raise the cost of imports, the weakened competition from foreign products makes it easier for U.S. producers to raise their own prices. “It’s sort of nonsensical to say that I am worried about high food prices, so I want to put a tax on food imports,” said Clausing, who is also a UCLA economist specializing in tax policy. “As you tax them, the food in the grocery store absolutely gets more expensive.”
“In his first term, President Trump instituted tariffs against China that created jobs, spurred investment and resulted in no inflation,’’ Anna Kelly, a spokeswoman for the Republican National Committee, has said. A surge in immigrants, like the one the United States has experienced the past few years, tends to make it easier for businesses to hire workers. The result is that can help cool inflation by easing the pressure on employers to sharply raise pay and to pass on their higher labor costs to their customers by increasing prices.
Donald Trump Federal Reserve System General News Election 2024 AP Top News Business Politics Washington News China W F Mark Zandi P U.S. News Kamala Harris U.S. News Washington News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump says if he loses, 2024 run will be last presidential runPresident Donald Trump seemed to rule out a fourth bid for the White House.
Read more »
Democratic Muslim Mayor Backs Trump in Key Swing StateAmer Ghalib, the mayor of Hamtramck, Michigan, endorsed Donald Trump's bid for the White House.
Read more »
‘It’s terrifying’: Former Trump aide on Laura Loomer working in Trump’s White HouseThis is additional taxonomy that helps us with analytics
Read more »
First Look: The People's House Interactive White House ExperienceThe website that Washington lives by.
Read more »
Pentagon has recommended giving white phosphorus shells to Ukraine, but White House keeps saying noNational Security Adviser Jake Sullivan says the U.S. government is not interfering in Israeli military planning of a counteroffensive in Gaza but that safely evacuating American citizens and civilians from the region remains a top priority for the Biden administration.
Read more »
Poll: Donald Trump Leads Harris with Independents, White Working Class Voters in Tight RaceSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »