Tariffs, Recession Risks, and Economic Plans: What Lies Ahead?

A recent IMF study warns that increased tariffs could lead to a global economic decline, with significant implications for the U.S. economy. Meanwhile, community leaders predict a 53% chance of recession, highlighting rising unemployment and inflation concerns. We also examine the contrasting economic plans of Donald Trump and Kamala Harris, exploring how their policies could impact inflation and the cost of living. Join us as we unpack these critical economic issues shaping our future.

Sources:
https://reason.com/?p=8302652
https://gcaptain.com/labor-drama-or-economic-boom-whats-really-fueling-the-surge-in-u-s-container-imports/
https://www.times-georgian.com/times_georgian/community-leaders-claim-53-chance-of-recession/article_e5e48d56-175b-54ab-ba84-b0738f69288e.html
https://www.pbs.org/newshour/show/examining-how-economic-plans-from-trump-and-harris-could-affect-inflation

Outline:
(00:00:00) Introduction
(00:00:43) Increase in tariffs would trigger global economic decline, study finds
(00:03:27) Labor Drama or Economic Boom? What’s Really Fueling the Surge in U.S. Container Imports
(00:05:45) Community leaders claim 53% chance of recession
(00:08:41) Examining how economic plans from Trump and Harris could affect inflation