Former President Donald Trump outlined a comprehensive economic strategy at the Economic Club of New York, emphasizing lower taxes, increased tariffs, and reduced regulations to stimulate growth. He proposed a sovereign wealth fund financed by tariff revenues to support infrastructure and childcare, while positioning himself against Vice President Kamala Harris's economic policies, which he claims would raise taxes and expand social programs. Meanwhile, Kansas, a significant exporter, is wary of the impacts of tariffs, which can raise costs for consumers and businesses despite being aimed at protecting local industries. Analysts predict a modest probability of Trump's proposed tariff hikes being enacted but project negative impacts on GDP growth if substantial tariffs are implemented. UBS analysts warn that higher tariffs could inflate prices and slow economic activity, particularly affecting lower-income households reliant on affordable goods. As the 2024 elections approach, the debate over tariffs and their economic implications remains a critical issue for both candidates.