Jill On Money: 5 words for the 2025 economy
Briefly

"A tariff is a tax imposed on imports or exports, where the importer bears the cost. Economists are concerned that new tariffs could reignite inflation."
"Trump's administration aims to enforce stricter immigration policies, potentially deporting up to 1 million undocumented immigrants, which could disrupt key economic sectors."
"While tariffs are seen as beneficial for tax revenue and protecting domestic industries, economists warn about their potential inflationary effects and impact on prices."
"Determining the economic repercussions of immigration policy is complex, as undocumented immigrants often contribute positively to certain industries, despite political rhetoric."
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