Trump readies massive shift in U.S. economy on eve of inauguration

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Sun, January 19, 2025

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Trump readies massive shift in U.S. economy on eve of inauguration

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Trump readies massive shift in U.S. economy on eve of inauguration

^{Published on 2025-01-19 06:40:39 - MSN}

The incoming president and his Republican allies are beginning to plot out major changes to federal taxes and spending as they prepare to take control of Washington.

The article from MSN discusses former President Donald Trump's plans for a significant economic policy shift as he prepares for a potential second term. Trump has been vocal about his intentions to implement sweeping changes, including a 10% tariff on all imports, which he believes will protect American industries and reduce the trade deficit. This policy, along with his advocacy for tax cuts for individuals and corporations, aims to stimulate economic growth but has raised concerns about potential increases in consumer prices and retaliatory tariffs from other countries. Additionally, Trump's economic strategy includes deregulation to foster business growth, a reversal of Biden's environmental policies, and a focus on energy independence through increased fossil fuel production. Critics argue these moves could lead to inflation, environmental degradation, and strained international trade relations, while supporters see it as a return to America-first economic policies.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/news/politics/trump-readies-massive-shift-in-u-s-economy-on-eve-of-inauguration/ar-AA1xsC5x ]

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