Trump outlines economic plans ahead of White House return

Donald Trump is set to return to the White House in January, bringing plans for significant economic changes. His proposals include high tariffs on imports, lower corporate taxes, and cuts to various taxes, which he claims will reduce inflation and boost jobs. Economists and trade groups have largely criticized these plans, arguing they could lead to higher prices and increased deficits. Concerns include potential retaliation from trading partners and negative impacts on consumers, particularly in the agricultural sector. The Federal Reserve has expressed worries about Trump's fiscal policies, indicating they could affect interest rates and borrowing costs. Analysts predict that Trump's agenda may lead to higher mortgage rates and increased national debt, complicating the economic landscape.