The financial expert issues a warning about the “elephant in the room” that Harris has been silent about

With the economy of voters heading to the polls, a financial expert is sounding the alarm about Vice President Kamala Harris the “lack of conversation” around international economic theory.

“There’s a potential red flag there with Harris’ lack of conversation on tariffs and really confronting China head-on,” “What should I do with my money?” said author Bryan Kuderna Fox News Digital.

“She’s been so silent on any international economic theory, whether it’s having tariffs, not having tariffs, how we’re going to go forward in the next four years compared to the other superpower, China, kind of elephant in She was very, very quiet about it.”

KAMALA HARRIS’ ECONOMIC PLAN: 5 TIMES THE VP HAS AVOIDED QUESTIONS ABOUT AMERICA’S ECONOMY

Harris focused it to a great extent economic platform on domestic issues and supporting America’s families through proposed credits and incentives. She also promoted policies that would make the wealthy “pay their fair share of taxes.”

Kuderna, however, warned that if Harris is elected and her economic policies go into effect, it could leave America vulnerable on the world stage.

“If we step back and say, well, let’s see how things go. Let’s focus on America and help young professionals, helping first time home buyers, things of that nature, that’s all well and good. But in the meantime, if that allows China and their economy to really become a little bit more dominant, that can have long-term consequences for our global position as No. 1.”

Brian Albrecht, chief economist at the International Center for Law and Economics, acknowledged that it is “a bit regarding that Harris she hasn’t revealed a more concrete plan for what she would do about tariffs and international trade and immigration and things like that. But she is in a difficult spot. She has to defend an administration that has kept virtually every tariff that Trump has put in place.”

Although the Biden-Harris administration has maintained many Trump-era tariffs, the vice president hit back at his competitors’ tariff proposals during the campaign, even accusing him of “sell us” during the ABC News presidential debate in September.

While Harris distanced himself from tariffs, both Kuderna and Albrecht say it’s reasonable to assume it will be a “continuation” of Biden’s approach to foreign trade relations with China and other nations.

“WORLD’S MOST ACCURATE ECONOMIST” MAKES PREDICTIONS DARES FOR 2024 ELECTIONS

On the contrary, the former president Trump’s economic agenda has a strong international focus, aimed at competing with China, while calling for lower taxes and reduced regulations domestically.

Kuderna summarized Trump’s vision as one in which the administration would “help domestically by reducing regulations, by lowering taxes, by letting the American people and American corporations lead the way, by getting out of their way, and then as Gov. American, we’re going abroad and making sure we can keep China in check and then work on Iran, the Middle East, Russia, Ukraine, all these little fires that spread.”

Fiscal Foundation noted that Trump’s plan includes imposing a 20 percent universal tariff on all U.S. imports, raising Section 301 tariffs on China to 60 percent, and levying a 10 percent foreign retaliatory tariff on U.S. exports to China.

Albrecht warned that Trump’s increased focus on tariffs is a “major concern” for consumers and U.S. manufacturing.

“We know from economic research that this cost is ultimately borne by consumers, but it also affects U.S. manufacturing. So in the name of protecting American manufacturing from Chinese competition, you actually suffer manufacturing in the USA”, argued the chief economist.

Trump has been very bold in using tariffs as a means to compete on the world stage and as a source of tax revenue.

Albrecht argued that the problem with Trump’s plan is that “the math just doesn’t add up.”

“There are not enough imported goods to make it work compared to every dollar people earn in income. And if you tried to do that, you would basically shut down international trade.”

HOW MUCH WOULD HARRIS AND TRUMP’S ECONOMIC PLANS ADD TO THE DEBT?

It is unclear whether Trump’s tariffs will be implemented or used as a negotiating tactic. However, if the tariffs were implemented, they would raise between $2 trillion and $4.3 trillion in tax revenue over a decade, according to the study. Analysis of the Committee for a Responsible Federal Budget.

“We always hope for a bigger, better economy and that we can tax everybody less as it grows, grows, grows and then we make the rest of the world pay for it. It all sounds good, but in practice, it would be something short. long-term pain to be able to get to that long-term gain,” Kuderna reasoned.

“Would that international fare revenue make up for any loss of tax revenue we have domestically? It’s very hard to quantify, but it probably wouldn’t happen immediately, and that’s the concern is if we’re just going to add to our national debt,” he continued.

The economic agendas proposed by both candidates are expected to add substantially to the US national debt.

The CRFB calculated that Trump’s plan could add about $8 trillion to the debt by 2035, compared to about $4 trillion under Harris.

While both candidates acknowledge the importance of the economy, Trump maintains a narrow lead over Harris, according to national polls. A Recent survey from Reuters/Ipsos found that Trump has 45% support on the economy, compared to Harris’ 40%.

“It’s clear to everyone that the economy is a major concern. Where we disagree is kind of what that means in practice and what to do about it,” Albrecht said.

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FOX Business’ Kayla Bailey and Fox News’ Eric Revell and Anders Hagstrom contributed to this report.