What are the costs behind Trump’s economic proposals?

Former US President Donald Trump speaks to the press at Manhattan Criminal Court after a hearing in his case of paying hush money to cover up extramarital affairs in New York City on February 15, 2024. – Trump will become the first former US president to face criminal trial when jury selection begins in New York on March 25 in his case of allegedly covering up hush money payments.

The tariff revenues would in turn help to offset extensions to sweeping tax cuts approved in 2017 under his administration’s Tax Cuts and Jobs Act , with some provisions due to expire after 2025. The toll “will be nearly five times those caused by the Trump tariff shocks through late 2019, generating additional costs to consumers from this channel alone of about $500 billion per year,” it said.

Tariffs also act as a tax on consumption, and lower-income households spend a much larger share of their income while wealthier households can save more. “At a time when international conflicts are manifold and international collective action problems are substantial, the United States cannot afford to alienate its partners and allies,” the PIIE report said.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.

The Kano State House of Assembly is set to finalize a bill that could significantly alter the structure of the Kano Emirate Council and Governor Abba Kabir Yusuf is expected to assent to the bill as soon as it is passed. The Guardian reports that the lawmakers will reconvene today to take a final decision…

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