Trump’s Economic Plan: Low Rates, Broad Tariffs, and Top-Heavy Tax Cuts

The plan combines three main elements. Interest rates are kept low. Tariffs are imposed broadly. Tax cuts are concentrated at the top. These policies interact in predictable ways. They ease federal debt service, raise the price of traded goods, and shift after-tax gains toward higher-income households. Each element reinforces the others. The result is a coherent economic strategy, but one with clear distributional costs.