Trump's Tariffs vs. Tax Cuts: Economic Risks

  Published 1 year ago

Trump's tax cuts could add $2.4T to deficits, but tariffs aim to offset, yet economists warn of instability and economic harm.

  • Tariffs as unstable revenue risk reversal by courts or future leaders, undermining long-term budget stability.
  • Tariffs raise costs for U.S. manufacturers and consumers, harming growth and worsening trade tensions globally.
  • Low-income households face steeper losses as tariffs compound cuts to food programs and Medicaid under tax bill.

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