Donald Trump goes into the Republican National Convention with some bold promises about the U.S. economy, but he has sketched out notably few details about how his plans would actually work. The former president says he wants tariffs on every U.S. trade partner, wants no taxes on tips and would like to knock the corporate tax rate down a tick. The Republican platform also promises to “defeat” inflation and “quickly bring down all prices.” While there are plenty of goals, Trump has released few hard numbers and no real policy language or legislative blueprints. Democrats and several leading economists say Trump’s ideas would cause an explosive bout of inflation.
