Democratic President rebuilds economy, just in time to hand it off to Trump — again
Democratic President rebuilds economy, just in time to hand it off to Trump — again
Trump damaged the Obama economy he inherited with his trade war, and now appears poised to repeat that move with the Biden economy.
Summary
President Joe Biden touted his administration’s economic recovery efforts, citing job growth, reduced inflation, and infrastructure investments, as he prepares to hand off a strong economy to Donald Trump.
Biden criticized Trump’s proposed steep tariffs on imports, warning they could harm the economy and reintroduce inflation.
Trump plans tariffs against China, Mexico, and Canada, raising concerns about trade disruptions similar to those seen during his first term.
Economists caution that such policies could quickly reverse recent economic gains and weaken the U.S. economy.
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