Breaking Down Trumponomics 2.0

Tariffs, taxes … and Musk #

In the week when Vice President Kamala Harris started to spell out some of her economic policies, it was Donald Trump’s turn on Thursday to set out his fiscal agenda. It comes as slowdown concerns grow ahead of Friday’s jobs report.

At the center of the proposals are higher tariffs, lower taxes, and more focus on Elon Musk. Much of these cover familiar ground and again raise questions about how he will govern if re-elected. Still, his remarks could be a prelude to what he will be grilled on at next week’s debate with Harris.

Trump sought to draw a sharp contrast with Harris on who would be better for the economy. ‘This is the policy that built this country, and this is the policy that will save our country,’ he told an audience that included top business figures.

Trump wants to lower taxes on companies and to rescind much of President Biden’s Inflation Reduction Act, a law popular with many business chiefs. He has also tried to label Harris as a left-wing extremist.