There are 3 ways Donald Trump can reduce the risks from America’s soaring debt, Pimco economist says

• The Trump administration promised to reduce the US deficit to 3%.
• How Trump approaches his tax cut plans will matter, a Pimco economist wrote in the Financial Times.
• Trump’s government waste cutting program and tariffs could also add billions to the US budget.

Washington’s ballooning debt has prompted a lot of fear among economists and market experts, but there are ways Donald Trump’s incoming administration can mitigate the impact.