Former President Donald Trump has criticized Vice President Kamala Harris's new economic proposals, labeling them as 'communist' and warning they could exacerbate inflation. Harris's plan includes measures such as a federal ban on price gouging and construction of 3 million housing units to combat the housing crisis. In contrast, Trump proposes imposing 10% to 20% tariffs on foreign goods, which economists warn could raise costs for American consumers and potentially trigger retaliatory tariffs. Analyses predict that Trump's tariffs could reduce US imports by $5.5 trillion over a decade and decrease average after-tax incomes by $1,800 per household by 2025. Experts argue that such tariffs would harm US businesses and consumers, particularly those from lower-income households, while potentially reducing economic output and employment. Both candidates' economic strategies have become focal points in their campaigns, reflecting starkly different visions for addressing the nation's economic challenges.