The Daily Trump vs. Harris on the Economy
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Aug 26, 2024 
Jim Tankersley, an economic policy reporter for The New York Times, dissects the contrasting economic strategies of Donald Trump and Kamala Harris as they square off in the 2024 race. They delve into their differing philosophies on government intervention to tackle rising costs. Tankersley highlights Trump's focus on tariffs and manufacturing, while Harris leans towards competition to lower prices. The discussion also examines innovative approaches to food costs and housing challenges, shedding light on the broader implications of their economic plans.
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Shared Goal, Different Approaches
- Both Trump and Harris agree the government should help lower costs.
- They differ vastly on how to use government power to achieve this.
Trump's Tariff Plan
- Trump's main policy is tariffs, taxing imported goods to encourage domestic production.
- Evidence from his first term suggests tariffs raise consumer prices, not jobs.
Trump's Vague Promises
- Trump promises to lower car insurance and energy prices with no clear plan.
- He also suggests deporting immigrants to lower housing costs.