Former President Donald Trump blames President Biden for high prices but offers no clear explanation on how his policies would lower prices. Economists suggest Trump's plans, such as large deportations, tariffs, and tax cuts, could actually raise prices and potentially cause inflation.
Trump's proposed policies like significant deportations, imposing tariffs on imported goods, and implementing new tax cuts for individuals and businesses could lead to price spikes. These policies might further stimulate an economy already at full employment, potentially exacerbating inflation.
According to Michael Strain from the American Enterprise Institute, Trump's trade and immigration policies are likely to result in price increases. This could be problematic as these policies may fuel inflation rather than address the issue of rising prices.
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