US Business Leaders Want Harris’ Stability Not Trump’s Chaos
Inflation is being tamed and unemployment is low, but the Republican candidate’s policies could reverse those achievements.
Getting economic.
Photographer: Peter Zay/Anadolu via Getty Images
Former President Donald Trump is the kind of salesman no successful businessperson can stand. He’ll promise the world, only to deliver “concepts of a plan.” His economic agenda is a shortsighted mash of policies that scores of top economists and business leaders predict will add up to higher inflation, less stability and lower growth.
Tariffs are Trump’s catch-all economic prescription: He promises duties of up to 20% on all imports — and 60% (sometimes even more) on Chinese goods. The upshot is obvious: Americans will pay more. Inflation, which the Joe Biden-Kamala Harris administration has decidedly tamed, will climb back. As other nations inevitably retaliate with tariffs on US goods, our exports will suffer. Big businesses will struggle; small businesses will go under.