Donald Trump, in his recent proposals, suggests that imposing tariffs can address various economic issues such as job creation, lower food prices, and even foster world peace.
His recent proposal of a 60% tariff on Chinese goods, and threats for further increases on goods from other countries, has sparked concern among economists regarding its economic implications.
The Peterson Institute for International Economics warns that Trump's proposed tariffs could negatively affect the U.S. economy by reducing GDP and increasing inflation significantly.
Despite Trump's assertions of tariffs leading to prosperity, critics like Vice President Kamala Harris view these threats as lacking seriousness and potentially damaging to trade relationships.
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