Overview

• Trump's proposed tariffs and tax cuts are expected to increase inflation and strain U.S. finances.
• Economists argue that tariffs on imports would raise consumer prices and hurt economic growth.
• Trump's tax plans could add trillions to the national debt, conflicting with his goal to reduce inflation.
• The Republican platform includes ambitious goals like boosting domestic energy production and large-scale deportations.
• Critics say Trump's economic policies lack detailed plans and could lead to significant economic risks.