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Economic Impacts of Proposed Tariffs and Labor Market Dynamics
This chapter analyzes the potential impacts of tariffs proposed by Trump on the economy, contrasting them with past tariffs and emphasizing their inflationary effects. It also discusses the current labor market state, including job demand and supply while examining the implications for payrolls and Federal Reserve policy. The chapter explores the global economic landscape, focusing on U.S. exceptionalism and investment strategies amid rising debt concerns.