New York CNN —
Former President Donald Trump wants to spend trillions of dollars on tax cuts. His plan to pay for that is alarming some mainstream economists.
Trump proposed sweeping tariffs on all $3 trillion worth of imports into the United States, including a 60% tariff on imports from China and a 10% across-the-board tariff on imports from other nations.
Recently, Trump doubled down on the threat, saying he is considering tariffs of up to 20% on most imports in a bid to protect working-class jobs and punish what he labels unfair trading practices.
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