Recent positive economic data in the US, such as a slight increase in prices and a decreasing annual inflation rate, has been overall beneficial. The Federal Reserve has responded by lowering rates aggressively, which is expected to lower borrowing costs, boost business investments, and create jobs. The Biden-Harris administration boasts of record job growth and successful management of inflation, keeping wage growth higher than price increases to promote a positive economy.

However, former President Donald Trump’s proposed economic policies, including imposing high tariffs on imports, are predicted to reverse these improvements. Economists and publications warn that Trump’s tariffs could cause inflation and possibly lead the country into a recession. The Financial Times and other experts fear that Trump’s economic plans would be a disaster for America and its citizens, potentially increasing costs and burdening low-income individuals.

Trump’s proposed tariffs threaten to escalate the US debt, and economists predict a significant increase in deficits if these policies are implemented. This, coupled with his threats to the Federal Reserve’s independence, are setting a dangerous path for the economy. Vice President Harris has presented several responsible economic policy proposals to boost the economy and support American citizens, contrasting with Trump’s criticized strategies.

In light of these facts, economists agree that the US economy would benefit from Harris’s leadership over a potential disastrous second Trump term. It is essential for voters to understand the potential risks involved in supporting Trump’s radical economic agenda.