2025 Economic Agenda: Inflation, Taxes, Tariffs, and Crypto

As the clock strikes midnight on January 1, 2025, the incoming Trump administration is set to shake up the economic landscape. Inflation, which has been gradually decreasing, is still a major concern. The Federal Reserve has begun cutting interest rates, but the question remains: will inflation stick around? The Trump team has big plans for taxes, promising to extend the 2017 tax cuts and potentially add new ones. However, the challenge lies in how to pay for these changes without adding to the country's massive deficit.Tariffs are another hot topic. Trump has promised higher tariffs on Mexico and Canada, aiming to curb the flow of drugs and illegal immigrants. This could lead to a back-and-forth game of tariffs with other countries, hurting consumers and jobs. Lastly, the crypto world is buzzing with excitement as Trump takes office. After calling Bitcoin a "scam, " he's now seen as a potential ally, with Bitcoin's price soaring to new heights.