President-elect Donald J. Trump’s ideas on tariffs, emigration, taxes and restructuring may include far-reaching and conflicting effects, adding confusion to forecasts. The U.S. economy is ending 2024 inarguably its most robust state since the start of the coronavirus pandemic, after five years of confusion and tumult. Prices has cooled. Low employment rate. Interest charges are being cut by the Federal Reserve. The downturn that many forecasters previously warned was expected hasn’t materialized. But the financial prospect for 2025 is as dark as previously, for one main reason: President-elect Donald J. Trump. Mr. Trump has proposed radical policy adjustments on the plan path and in the months following his election that may have profoundly unsettling and complex effects on the economy. According to most financial models, he has suggested imposing rough new tariffs and deporting probably millions of illegal immigrants. This may result in higher prices, slower development, or both. He has also promised tax breaks for both individuals and businesses that could result in greater imbalances and faster economic growth. And he has pledged to slash laws, which may raise corporate profits and, perhaps, overall performance. However, critics warn that these changes may cause more workplace injuries, damage the environment, and create the economic system more vulnerable to problems over the long run. We are having difficulty retrieving the article’s content. In your browser’s settings, choose enable JavaScript. Thank you for your patience as we verify exposure. If you are in Audience mode please leave and log into your Times accounts, or listen for all of The Times. Thank you for your patience as we verify exposure. Presently a customer? Register in. Want all of The Times? Subscribe.