NOTUS - Trump Claims Tariffs Are ‘Beautiful,’ Talking to Putin Is ‘Smart’ and Jan. 6 Was ‘Peaceful’

In an interview at the Economic Club of Chicago, Trump made a number of assertions about the economy, the Federal Reserve’s relationship with the president and his plans for a second administration.

Samuel Larreal
October 15, 2024 03:40 PM
Updated: October 15, 2024 03:40 PM

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Trump and Micklethwait also went back and forth over tariffs.

“It must be hard for you to, you know, spend 25 years talking about tariffs as being negative and then have somebody explain to you that you’re totally wrong,” Trump said to Micklethwait.

When Micklethwait mentioned that some allies could give up on the dollar as a reserve currency if tariffs increased dramatically, Trump promised to raise tariffs on countries that did that. “I’ll say that’s OK, and you’re going to pay a 100% tariff on everything you sell into the United States,” he said.

Trump suggested that tariffs, like those he imposed on China and South Korea during his previous administration, should be expanded to other countries. He said such policies would prompt manufacturers to produce their products domestically. “Companies are going to make their product in the USA. We’re going to protect those companies with strong tariffs,” Trump said.

“I’m a believer in tariffs,” Trump continued. “To me, the most beautiful word in the dictionary is ‘tariff,’ and it’s my favorite word — it needs a public relations firm.”

/snip

Matt Fuller
Trump certainly seems intent on imposing massive new tariffs, deporting millions, and cutting taxes.

When he was challenged on the inflationary effects of those policies on Tuesday, he just attacked the interviewer.
From notus.org
3:50 PM · Oct 15, 2024