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tariffsNewsweek
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76% Informative
Maria Bartiromo confronted former President Donald Trump on Sunday about his economic plans that some economists say would raise the national debt and increase prices for consumers.
Trump , the GOP presidential nominee, has proposed significant tariffs as a core part of his economic plan if he gets a second term in the White House .
Some economists have warned that his policy proposals are projected to add $7.5 trillion to the debt under the central estimate.
In a worst-case scenario, Canadian incomes could fall by 1.5 percent and U.S. incomes by 1 percent .
That equates to American citizens losing an average of $ 800 each a year in income.
The report's author, Trevor Tombe , an economist and professor at the University of Calgary , said the energy sector and motor industry would be the worst hit by the tariffs.
VR Score
80
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English
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52
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