Trump proposes placing tariffs on all foreign imports, suggesting a 10% to 20% levy, and up to 200% on Mexican automobile imports, aiming to bolster U.S. manufacturing and generate revenue. However, experts warn that such tariffs are more likely to escalate prices domestically rather than creating savings for consumers.
Harris aims to ban price gouging by corporate grocers, proposing regulatory rules to prevent arbitrary price increases. While she advocates for this reform, some critics argue that it's more of a campaign pledge than a viable economic strategy.
Harris plans to reduce prescription drug costs by implementing a $35 cap on insulin prices and a $2,000 limit on out-of-pocket expenses for seniors, which tends to resonate well among voters concerned about high medical costs.
Trump's suggestion to cap credit card interest rates at 10% challenges the current average of 21.51%. However, achieving this would require legislative approval and might face significant legal hurdles.
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