From higher tariffs to lower taxes, will Donald Trump’s economic plan pay off?

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There is a strong chance the president-elect’s radical strategy going wrong, with a high risk of rising prices, inflation and interest ratesBusiness live – latest updatesIt’s the economy, stupid.

Donald Trump defeated Kamala Harris this week for the same reason he lost to Joe Biden in 2020: millions of Americans were unhappy about the economic record of the incumbent party.

Two out of three voters this week thought the US economy was on the wrong track – and that spelt trouble for Harris.

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Article Details

Author / Journalist: Larry Elliott Economics editor

Category: Artificial-intelligenceTechnology

Markets: United KingdomMexico

Topics: Artificial intelligence (AI) US news World news Economics Elon Musk Cryptocurrencies US immigration US economy International trade Inflation Migration Payroll tax Federal Reserve US interest rates Global economy Dollar Currencies Donald Trump Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 13:19:58 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: theguardian.com

Language: English

Article Length: 2024 words

Reading Time: 12 minutes read

Sentences: 58 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Guardian

News ID: 23470774

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About The Guardian

Main Topics: Artificial-intelligenceTechnology

Official Website: theguardian.com

Update Frequency: 3 posts per day

Year Established: 1821

Headquarters: United Kingdom

News Last Updated: 15 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #122

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