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Former president Donald Trump discusses his economic promises and policies, including tariffs on China and strengthening borders. The impact of these policies, such as the trade war and increased tariffs, are analyzed, along with concerns from the business community. The potential consequences of Trump's policies on inflation, trade, and economic growth are explored, as well as differing views on the potential impact of a second Trump term on the American economy.
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Quick takeaways
- During Trump's presidency, the economy experienced growth due to tax cuts, but trade wars and tariffs slowed economic growth and raised costs.
- Trump's promise to restrict immigration and impose tariffs contributed to a hiring boom for some native-born Americans, but also impacted trade and failed to eliminate the national debt.
Deep dives
The Trump Economy: A Sugar High
During Trump's presidency, the economy experienced a surge due to tax cuts, resulting in 3% GDP growth. However, the trade war and tariffs raised the cost of goods and slowed economic growth. Additionally, the administration's unpredictable actions caused uncertainty and volatility in the markets.
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AI-powered
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode