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Economy

Trump spoke to Bloomberg about the economy

Exactly three weeks before the US presidential election, Donald Trump spoke with the news agency's editor-in-chief.

The American presidential candidate did not hold back

– According to observers, his promises are worth thousands of billions of dollars (as well as the promises of his rival, Kamala Harris). According to voters, economic issues are the most decisive now, and the candidate tried to talk about that.

Donald Trump visits Georgia in the wake of powerful Storm Helen
“Make America Great Again” – through tariffs and tax breaks
Photo: Agence France-Presse

It will be all about growth if he is elected

Trump summed up his most important goal. He also defended the import tariffs, saying the proposals serve to protect companies already in place and those that will relocate soon.

It will impose a 60% tariff on goods coming from China and a 10% tariff on imports from elsewhere.

According to him, this would help finance tax cuts (experts differ). In addition, it will reduce the corporate tax rate from the current 21% to 15%, and will provide broad cuts to companies established in the country.

Analysts shake their heads

Experts say Trump's tariff plan threatens to send the United States to the “edges” of global trade. In addition, as a result of higher tariffs, they amount to a tax increase.

Another hot topic of the campaign is the issue of immigration. Trump is extreme on this, and he will close the doors — and that worries some company managers, because they fear labor shortages.

Some investors expect so

The candidates' lavish spending would increase a budget deficit that already stands at $2 trillion.

Although Kamala Harris collected more donations to fund our campaign, the two candidates are competing face to face, and are barely budging from the decisive states that represent the “tongue of the scale,” and according to observers, the race may become more intense in the final stages.

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