Elon Musk assures voters that Trump’s victory would deliver “temporary hardship”

Elon Musk assures voters that Trump ’s victory would deliver “temporary hardship” if elected, writes Julian Zelizer .

Zelizer: Musk has put more than $75 million toward electing the former president.

Trump has promised to impose a 10 percent to 20 percent universal tariff on all imports, and an at least 60 percent tariff on imports from China .

He says the price hikes would not yield a stronger US manufacturing industry in the long term.

Yale 's Budget Lab estimates that Trump ’s tariffs would raise consumer prices by as much as 5.1 percent , or $ 7,600 per household (in 2023 dollars ) John Avlon says immediate pain for US consumers would not translate into durable gains for manufacturers.

Avlon: Deporting undocumented immigrants en masse would make America poorer.

He says mass deportations would impose immediate economic pain with no compensating long-term benefit.

Trump 's immigration plans would make US consumers poorer in the near term, while reducing the size and productivity of the American economy on a longer time horizon.

Trump ’s fiscal plans would severely disrupt the provision of government services and increase unemployment, says Julian Zelizer .

Zelizer : Trump 's supporters might argue that none of this should trouble us, since he rarely fulfills his campaign promises and will surely back away from his economically ruinous agenda.