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Trump’s Impact on the American Economy: DOGE, Tax Cuts, and Tariffs

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President Donald Trump’s policy approach inadvertently poses a triple challenge to the United States.

Trump acknowledges the necessity to enhance the U.S. government’s efficiency to save substantial sums of money. He is optimistic about Congress passing a bill to make the 2017 tax cuts permanent. Additionally, he views tariffs as a way to achieve fairness in international trade and increase America’s wealth.

However, the plausible outcomes of these initiatives could be detrimental rather than beneficial to the American public. Trump’s overconfidence and reluctance to acknowledge criticism lead him to ignore potential unfavorable consequences.

While the Department of Government Efficiency (DOGE) aims to improve government efficiency and reduce costs, its rushed implementation without thorough planning has resulted in negative impacts. Terminating key programs like the U.S. Agency for International Development and the Department of Education may not address the underlying issues.

Extending tax cuts without a clear strategy to boost revenues could escalate national debt significantly. Trump’s tariff policies have negatively affected the stock market, raising concerns about an impending economic downturn. Persuading Trump to reconsider his stance on these issues is crucial to prevent a financial crisis.

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