Former US President and Republican presidential candidate Donald Trump announced his economic plan on Thursday (5) if he wins the US election.
Billionaire Elon Musk will be responsible for managing this plan. The richest man in the world has already accepted the task, stating that he will do it for free.
Musk is considered a business genius, especially for his achievements in space exploration and automotive electrification.
However, implementing what Trump intends for the economy could be the biggest challenge of his life.
Trump gave a speech promising to reduce taxes, lower energy costs and drastically increase tariff barriers on imported products.
Its aim is to reduce the cost of living, particularly housing, which is a central issue in the election that will take place in November.
Economists warn that if Trump manages to get these measures through the US Congress, inflation could rise rather than fall.
The candidate laid out his plans for the economy in a dramatic tone to an audience on Wall Street.
Voting intention polls indicate that her opponent, Kamala Harris, is well positioned in some of the decisive states for the election.
The Democrat also promises to adopt protectionist measures, but the Republican believes that his proposals have an almost magical effect on reviving the country’s economy.
It will be interesting to see how Elon Musk will manage such a program in his role as Chief Government Efficiency Officer.
Musk has always been a proponent of free trade and has spoken out against tariffs. But at the end of the day, what doesn’t one do to win an election?
This content was originally published in Waack: Trump wants Musk in government to save the US economy on the CNN Brasil website.
Source: CNN Brasil
Bruce Belcher is a seasoned author with over 5 years of experience in world news. He writes for online news websites and provides in-depth analysis on the world stock market. Bruce is known for his insightful perspectives and commitment to keeping the public informed.
