News Summary

• President Donald Trump’s second term has been full of economic policy changes.
• While some experts feel that these moves can have longer-term positive impacts on the American economy, other experts fear these moves could backfire on the middle class.
• While not an economic analyst, ChatGPT is good at aggregating and analyzing data, so I asked it what are some of the ways that Trump's economic policies might backfire.
• Here's what it said:Continued or expanded tariffs on imports may raise the cost of consumer goods, electronics, food, and vehicles.
• To offset tax cuts or new spending initiatives, the Trump administration could pursue cuts to social programs such as Social Security, Medicare or education funding.