(2) please graphically analyze the impact of the above tax cuts on the equilibrium interest rate, exchange rate, general price level, net export and GDP of the U.S. economy. (10%)

4. [Trump 2.0 tariffs] Trump has proposed adding a tariff of 10% to 20% on all imports, with significantly higher levies on imports from China. Krugman pointed out that Trump 2.0's large increase in tariffs will inevitably lead to an increase in the cost of living for middle-income and low-income households. (1) For the Trump 2.0 universal tariffs on all imports, please graphically analyze the impact of the universal tariffs on the equilibrium interest rate, exchange rate, general price level, net export and GDP of the U.S. economy. (10%)

(2) please graphically analyze the impact of the above tax cuts on the equilibrium interest rate, exchange rate, general price level, net export and GDP of the U.S. economy. (10%)

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