White House warns Trump could 'gut-punch' economy and spark 'tidal wave of opposition'

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White House warns Trump could 'gut-punch' economy and spark 'tidal wave of opposition'

^{Published on 2024-12-11 17:00:57 - MSN}

With Donald Trump's inauguration fast approaching, President Joe Biden's White House has rushed to ensure his flagship policies aren't immediately undone in the new administration. A memo circulated by a senior White House official urged Trump against repealing laws that Republicans have vowed to target when the incoming president takes office.

The article from MSN discusses the White House's concerns regarding former President Donald Trump's potential economic policies if he were to return to office. It highlights warnings from the Biden administration that Trump's proposed policies, such as imposing a 10% tariff on all imports and extending tax cuts for the wealthy, could significantly disrupt the economy. These policies are criticized for potentially causing inflation, increasing costs for consumers, and sparking widespread opposition due to their perceived favoritism towards the rich. The White House argues that these measures would not only destabilize economic growth but also lead to a "tidal wave of opposition" from various sectors of society, including businesses and consumers who would be adversely affected by the economic fallout.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/white-house-warns-trump-could-gut-punch-economy-and-spark-tidal-wave-of-opposition/ar-AA1vGNwf ]

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