The former president of USA and Republican candidate for the White House donald trump has insisted this Tuesday on the need to impose tariffs on imports and has suggested that they have to be greater than 50% to save jobs in the country. “For me, the most beautiful word in the dictionary is tariff“said the Republican in an interview at the Economic Club of Chicago with the editor-in-chief of the Bloomberg agency, John Micklethwait.
Trump has promised in this electoral campaign the imposition of tariffs of between 10 and 20% on all imported products, and 60% for those coming from China.
The Republican signed this Tuesday that 10% is “insufficient” to achieve the relocation of companies in the United States and suggested that tariffs They should be 50% if the aim is to save jobs. “The higher the tariffs, the more likely it is that the company will come to the United States and build a factory here so it doesn’t have to pay,” he said.
The former president has thus refuted economists who maintain that the imposition of tariffs ends up impacting consumers in the form of higher prices and has argued that they only increase costs for foreign companies and countries.
Trump too has denied that he intends to give orders to the Federal Reserve (Fed) on interest rates, but argued that he should be allowed to weigh in on the matter. The Republican has avoided answering whether he will keep at the head of the Fed Jerome Powellwhom he himself appointed and that the president Joe Biden has remained in office.
