President Donald Trump's tariffs on steel imports this week could wreak havoc on American auto manufacturing, industry leaders say.
Donald Trump’s plan to enact new tariffs on Canadian and Mexican goods has been put on pause. But Michigan leaders say if they’re allowed to take effect, the economic fallout could be devastating—especially for working families.
Now, live event businesses and hotels must clearly list their prices in both their advertising and pricing information.
Trump’s plan would effectively be a sales tax that disproportionately harms working-class families and could cause a trade war that hurts US companies, economists say.
In response to the report, the Harris-Walz campaign released an analysis of its own, outlining how Trump’s agenda would raise costs for over 4.1 million Michigan households by an average of $3,954 per year.
Mainstream economists warn that Trump's plans to impose huge tariffs on imported goods, deport millions of migrant workers, and demand a voice in the Federal Reserve's interest rate policies would likely send prices surging.
Congress must prioritize the health and well-being of families in rural Michigan and across the US by fully funding food assistance programs and increasing access to healthy and affordable foods.
Kamala Harris has proposed increasing the corporate tax rate, expanding the child tax credit, and cutting taxes for more than 100 million working and middle class Americans. Donald Trump, meanwhile, said he wants to permanently extend tax breaks that primarily benefited the ultra-wealthy and corporations.
Harris has proposed capping families’ child care costs to 7% of their income and offering families of newborns up to $6,000 in the first year of the child's life. Trump, on the other hand, has focused on tariffs as a solution to the child care crisis, despite evidence showing they would only raise costs for families.
Kamala Harris has said that she will call on Congress to pass a federal ban on price gouging and give the federal government more authority to prevent consolidation in the food industry, if elected. Donald Trump, on the other hand, wants to impose tariffs and reduce food imports, a plan that would cause food prices to increase.
