Trump Outlines Economic Plan for Potential Second Term
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Impose tariffs on most imported goods, up to 10%, and tighten constraints on China imports to boost U.S. manufacturing and create jobs
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Extend the tax cuts signed into law during his first term that are set to expire in 2025, though this would add $3.5 trillion to the deficit
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Slash U.S. energy and electricity costs by ramping up domestic fossil fuel production through tax breaks for oil, gas and coal producers
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Undo much of the $369 billion Inflation Reduction Act that includes clean energy incentives and electric vehicle subsidies
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Provide tax cuts for individuals and companies, though details remain uncertain; plan aims to lower costs for consumers through domestic production