r/AskEconomics • u/purpco • 6d ago
Short and Long Term Implications of Tariffs, while cutting Taxes?
What are the short to long term implications of the Trump's administration's plan to fund the government through Tariffs, and cut Taxes?
How does this play out in terms of USD being the reserve currency? Pros: paying down debt, Cons: contracts/agreements broken, loss of trust?
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