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

“There is a potential red flag with Harris’ lack of conversation on tariffs and direct confrontation with China,” “What should I do with my money?” author Bryan Kuderna said Fox News Digital.

“She has been very silent on any international economic theory, whether it’s whether or not to have tariffs, how we’re going to move forward over the next four years versus the other superpower, the China, a kind of elephant in the world. bedroom. She’s been very, very quiet about it.

KAMALA HARRIS’S ECONOMIC PLAN: 5 TIMES THE VP AVOID QUESTIONS ON AMERICA’S ECONOMY

Harris largely focused it economic platform on domestic issues and supporting American families through proposed credits and incentives. She also touted policies that would force the wealthy to “pay their fair share of taxes.”

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

“If we step back and say, well, let’s see how things play out. Let’s focus on America and helping young professionals, helping first home buyers, things of this nature are very good. But in the meantime, if this allows China and its economy to actually become a little more dominant, it may have long-term consequences for our position as number one in the world. »

Brian Albrecht, chief economist at the International Center for Law & Economics, acknowledged that it was “a bit regarding this Harris has not presented a more concrete plan on what it would do regarding tariffs, international trade, immigration and that sort of thing. But she is in a difficult situation. She must defend an administration that has maintained virtually all of Trump’s tariffs. »

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

Although Harris has distanced herself from the tariffs, Kuderna and Albrecht argue that it is reasonable to assume that she will be a “continuation” of Biden’s approach to foreign trade relations with China and other countries. .

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Conversely, the former president Trump’s economic agenda has a strong international focus aimed at competing with China, while also calling for lower taxes and less regulation domestically.

Kuderna summarized Trump’s vision as one in which the administration would “help domestically by cutting regulations, cutting taxes, letting the American people and American businesses lead the way for themselves by putting out of the way, then as the American government, we’ll go overseas and make sure we can keep China under control and then working on Iran, the Middle East, Russia, Ukraine, all these other little fires that have spread. »

The Tax Foundation noted that Trump’s plan includes imposing a universal 20% tariff on all U.S. imports, increasing Section 301 tariffs on China to 60%, and imposing ‘a 10% foreign retaliatory duty on US exports to China.

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

“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 U.S. manufacturing from competition with China, you are actually doing harm. American manufacturing, “ » argued the chief economist.

Trump has been very bold in using tariffs as a way 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 hold up.”

“There aren’t enough imported goods to make this work relative to every dollar people earn in income. And if you tried to do that, you would essentially shut down international trade.”

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

It is not yet clear whether Trump’s tariffs will be implemented or used as a negotiating tactic. However, if the tariffs were implemented, they would generate between $2 trillion and $4.3 trillion in tax revenue over a decade, according to the ministry. Analysis by the Committee for a Responsible Federal Budget.

“We always hope for a bigger and better economy and that we can tax everyone less as they grow, grow, grow and then make the rest of the world pay. This all sounds good, but in practice there would be some short ones in the long run to maybe get that long-term gain,” Kuderna explained.

“Would this revenue from international tariffs offset any loss of tax revenue we have domestically? It’s very difficult to quantify, but it probably won’t happen immediately, and the concern is whether we will simply increase our national debt. he continued.

Democratic presidential candidate U.S. Vice President Kamala Harris delivers remarks during the Congressional Hispanic Caucus Institutes’ 47th annual leadership conference at the Ronald Reagan Building and International Trade Center on September 18, 2024. (Photo by Kevin Dietsch/Getty Images / Getty Images)

The economic programs proposed by both candidates are expected to significantly increase the American national debt.

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

Although both candidates recognize the importance of the economy, Trump maintains a slight lead over Harris in national polls. A recent Reuters/Ipsos survey found that Trump enjoys 45% support for the economy, compared to Harris’ 40%.

“It is clear to everyone that the economy is a major concern. We disagree on what that means in practice and what to do in the future,” Albrecht said.

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