Trump, Tariffs and Taxes: How He’ll Turn Campaign Promises Into Policy
Podcast: WSJ What’s NewsPublished On: Sun Nov 10 2024
Description: President-elect Donald Trump made lots of promises on the campaign trail to revive what he called a “weakened” U.S. economy. That includes “gigantic tax cuts” for workers and tariffs of more than 60% on goods imported from China and elsewhere. He also pledged to slash regulations, even floating the idea of making Tesla CEO Elon Musk the head of a Department of Government Efficiency, or DOGE. But how will he turn those economic promises into reality? WSJ economic policy reporter Brian Schwartz and U.S. tax policy reporter Richard Rubin explain how Trump could take executive action, where he might need help from Congress and why some business leaders may put up resistance to some of his economic plans. Luke Vargas hosts. Further Reading What Trump’s Win Means for the Economy Trump’s Comeback Reverberates Through Markets What a Trump Win Means for Immigration, Wall Street, Foreign Policy and Healthcare Learn more about your ad choices. Visit megaphone.fm/adchoices
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