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From tariffs and tax cuts to inflationary pressures, his policies are likely to shake up the nations economy.
And while his economic promises may seem far from affecting your daily expenses, financial experts warn otherwise.
Read on to find out how a Trump win in November mightaffect your shopping expenses.
Stricter Tariffs
Kass expects that Trump will push for stricter tariffs if re-elected.
Immigration Policies
Trumps America First policies could also lead to changes in the labor market.
These higher costs would likely be reflected in higher prices to consumers.
And as history has shown, this move is likely to be followed by rising inflation.
Thisstimulative monetary policywould add to inflationary pressure.
Despite the threat of high inflation, Trump has also proposed measures to reduce the federal deficit.
However, Kass points out that the benefits of this initiative are likely to be marginal.
The proposal to eliminate the Department of Education would not result in significant savings.
While his policies would affect the entire economy, some Americans are more vulnerable to the changes than others.
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