Economic experts are warning that whoever ends up winning the election will face an uphill battle when it comes to the American economy, and many of the solutions both candidates have put forth to address issues plaguing the economy could end up causing unintended problems.
And while Trump is generally considered stronger on economic issues and some of his ideas, such as cutting taxes and regulations and boosting domestic energy production, could stimulate the economy, imposing tariffs on imports may not be the best move.
According to Roberts, even if they are calibrated to help reduce their impact on domestic prices, it would place pressure on America’s foreign trading partners and make the markets nervous, which would cause investors to hesitate.
He says this type of move would only increase the demand for housing construction, which is something that cannot be easily increased given the limited number of people who possess the skills needed for construction.
Right now, many Americans are unhappy with the state of the economy, with families’ financial situations stagnating and credit card debt rising 16% in the last two years.
https://www.naturalnews.com/2024-11-05-america-economic-problems-pose-challenge-next-president.html