Former President Donald Trump plans to implement higher tariffs on US imports to balance his proposed tax cuts if reelected. His running mate, JD Vance, supports this strategy, believing it will benefit American workers without increasing the deficit. Economists warn that these tariffs could lead to higher costs and inflation for Americans. Former President Donald Trump plans to implement higher tariffs on US imports to balance his proposed tax cuts if reelected. His running mate, JD Vance, supports this strategy, believing it will benefit American workers without increasing the deficit. Economists warn that these tariffs could lead to higher costs and inflation for Americans. Economic Times
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