Economic Policies: An Uncertain Future
Experts warn that Trump's protectionist policies, including tariffs and tax cuts, may lead to increased prices and a rise in national debt. While Biden has maintained some of these tariffs, the current economy shows relative strength and decreasing inflation.
However, Trump's plans, including mass deportations, could worsen labor shortages, further complicating the economic landscape. His 'America First' strategy aims to reduce deficits but may result in greater inequality.
As mortgage rates fluctuate and the Federal Reserve considers adjustments, Trump's immigration restrictions could dampen housing demand and exacerbate the ongoing shortage of homes. The interplay between Trump's transactional foreign policy and the complex dynamics with China raises questions about future trade relations.
Ultimately, the consequences of these policies remain uncertain, with potential benefits overshadowed by risks of inflation and economic disparity.
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