Navigating Economic Challenges: Student Loans and Tariffs

Over the course of his campaign, President-elect Donald Trump made a lot of promises. What does that mean for the years ahead? Today we’re answering your questions about Trump’s second term. We’ll explain whether the Trump administration could actually eliminate the Department of Education, how income tax cuts for tips and overtime pay could impact the economy, and where the Biden administration’s student debt relief plans go from here. Plus, if not tariffs, then what?

Here’s everything we talked about today:

• “Could Trump actually get rid of the Department of Education?” from Vox
• “Is It Possible for Trump to Shut the Department of Education?” from The New York Times
• “Donald Trump Tax Plan Ideas: Details and Analysis” from the Tax Foundation
• “Both Harris and Trump want to eliminate federal taxes on tips” from Marketplace
• “As the election nears, Biden’s student debt agenda is in tatters. Will it hurt Harris?” from USA Today
• “What a Trump presidency might mean for student loan forgiveness” from NPR
• “As Trump Threatens a Wider Trade War, the U.S. Confronts a Changed China” from The New York Times
• “Why Alternatives To Tariffs Can Be More Effective” from NPR
• “Nontariff Barrier: Definition, How It Works, Types, and Examples” from Investopedia

Heads up: Tomorrow’s “Economics on Tap” episode won’t be livestreamed on our YouTube channel. But you can still listen wherever you get your podcasts.