Americans Elect Trump, Demand Economic Change

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huge new tariffs

PBS

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Frustrated Americans who voted for Trump await the economic changes he promised

Summary

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76% Informative

Many economists warn that Trump ’s plans are likely to worsen inflation, drive up the federal debt and eventually slow growth.

Trump is inheriting an economy that, despite frustratingly high prices, looks fundamentally strong.

The Dow Jones Industrial Average has skyrocketed more than 1,700 points since Election Day .

Americans are frustrated over still-high prices.

Trump wants to raise tariffs on Chinese goods to 60 percent and impose a “universal’’ tax of 10 percent or 20 percent on all other imports.

Trump has threatened to deport millions of undocumented immigrants, potentially undermining one of the factors that allowed the United States to tame inflation without falling into recession.

Taxing imports is normally inflationary; other countries usually retaliate with tariffs on American goods.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

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not offensive

Hate speech