The NPR Politics Podcast So What Will Trump's Policies Mean For The Cost Of Living?
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Nov 11, 2024 Scott Horsley, NPR's chief economics correspondent, dives deep into the links between President-elect Trump's proposed policies and their potential repercussions on the economy. He discusses how mass deportations and steep tariffs could elevate living costs. The conversation also highlights the historical impact of inflation on elections, the broader economic consequences of these policies, and how they might sway voter motivations. It's a fascinating exploration of the intersection between politics and everyday financial realities.
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Incumbent Vulnerability
- Incumbent presidents struggle during economic hardship, especially rising living costs.
- Voters often blame the current administration for economic woes, regardless of actual causes.
Inflation and Elections
- Inflation significantly impacts presidential elections.
- While presidents can exacerbate inflation through policy, reversing it is difficult.
Tariff Impact
- Trump's proposed tariffs could significantly increase consumer costs and invite retaliatory tariffs.
- These tariffs could negatively impact U.S. businesses reliant on international trade.