Donald Trump is aiming to regain the presidency by focusing on economic issues. Here is an overview of his economic policy agenda.
During his previous term, Trump saw economic growth in every quarter except during the pandemic, with low unemployment rates before the pandemic hit. His team is now trying to recreate this scenario if he wins in November.
Trump’s economic agenda contrasts with President Joe Biden’s, who has faced low economic approval ratings due to high inflation and interest rates.
One key aspect of Trump’s economic policy is an escalated trade war, including higher tariffs and more restrictive trade policies. He aims to pass the Reciprocal Trade Act to impose tariffs in response to foreign countries’ actions.
Trump’s trade proposals focus on reducing the trade deficit, supporting domestic manufacturing, and securing the supply chain. His policy also emphasizes competition with China.
Another aspect of Trump’s agenda is to roll back Biden’s energy rules, including regulations related to emissions standards and power plant emissions. His administration would work to undo these regulations, potentially facing legal challenges.
Limiting immigration is also a priority for Trump and Republicans, viewing it as an economic issue that affects public benefits and job opportunities for Americans. Trump has emphasized the need to protect borders and sovereignty.
Tax cuts are another major aspect of Trump’s economic policy, building off the 2017 Tax Cuts and Jobs Act. The aim is to preserve and extend these tax cuts, particularly for individuals and businesses, to avoid tax hikes for the middle class.
Overall, Trump’s economic policy agenda focuses on trade, energy, immigration, and tax cuts to boost economic growth and support American workers.
