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Vance questions authority of US judges to challenge Trump; UAW contract negotiations at VW focus on higher wages, health care, retirement; Report highlights how Georgia can unlock rural infrastructure, broadband; Leftover fish parts could help keep industrial fishing waste low.

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The head of the new White House Faith Office draws scrutiny, Trump moves to fire the Federal Elections Commission chair, and a North Carolina judge won't toss tens of thousands of ballots in a state Supreme Court race.

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Medical debt, which tops $90 billion has an outsized impact on rural communities, a new photography book shares the story of 5,000 schools built for Black students between 1912 and 1937, and anti-hunger advocates champion SNAP.

Experts speculate on economic effects of a Trump administration

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Thursday, January 2, 2025   

Economists in Nevada and around the country said tariffs, cracking down on immigration, tax cuts and reduced energy credits will likely have a direct effect on the economy, and with President-elect Donald Trump soon to take office and having promised policy reform, change is likely on the way.

Jason Miller, professor of supply chain management at Michigan State University, said if mass deportations are executed by the incoming Trump administration, it could spell trouble for a state like Nevada with a significant immigrant population. More than 100,000 U.S. citizens in Nevada live with at least one family member who is undocumented, according to the American Immigration Council.

"If executed to potentially cause shortfalls of labor in the agriculture space and also the food-manufacturing space," Miller outlined. "Then what implications could that have for prices that farmers and manufacturers are going to be charging and therefore going to get passed on to consumers."

A June 2024 study by the Peterson Institute for International Economics found deporting millions of undocumented workers would result in years of subsequent inflation. With the economy having been the number one issue for so many voters in Nevada last year, expectations are high for Trump to deliver on lower prices and economic stability.

Miller pointed out the U.S. economy seems to be experiencing what he calls "some good tailwinds," but added proposed tariffs could be one of the things to changes it. He added one of the sectors remaining steady throughout last year was the automotive industry.

"November's sales for motor vehicles were phenomenally strong for light trucks and SUVs," Miller reported. "It was on a seasonally adjusted basis, the third-highest month of all time."

Miller stressed on a unit sale basis, which refers to the actual number of individual products sold during a time period, vehicle sales still have not bounced back to pre-pandemic levels. He explained people are choosing to buy more expensive vehicles, such as trucks and SUVs, but far fewer passenger cars. He added with interest rates coming down, it could help drive sales numbers back up.


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