Trump is set to announce his own plan to boost the US economy on the first day of the Democratic National Convention to counter Vice President Harris' recently unveiled economic agenda. Trump's plan will focus on preserving the 2017 tax cuts, eliminating taxes on service worker tips and Social Security benefits for seniors, and slashing Americans' energy prices in half. Trump has also suggested sweeping tariffs of up to 20% on imported goods. He has not detailed how these policies would be implemented or paid for.