A single mother on welfare, prepares fried chicken wings for dinner as her children, at their home, which has been without water supplies for two weeks, in Atlanta, Georgia, on October 24, 2024. . The economy has emerged as one of the main issues ahead of the November 5 US election, where Trump is in a dead heat with Vice President Kamala Harris, according to polls. The former president has vowed a 10 percent to 20 percent across-the-board tariff on imports and a 60 percent rate on Chinese goods -- and more recently threatened a 200 percent levy on automobiles made in Mexico.
The current Democratic administration has been hamstrung by soaring inflation. But price rises have recently cooled, and other economic indicators like stock markets are near all-time highs. And experts, including the head of the International Monetary Fund, have warned that Trump's plans for fresh import tariffs risk pushing consumer prices up, hitting lower-income families hardest. (Photo by Yasuyoshi CHIBA / AFP) (Photo by YASUYOSHI CHIBA/AFP via Getty Images)