President-elect Donald Trump said he does not think his tariff proposal will increase consumer costs for American households in an interview with NBC News that aired on Sunday, but he made no commitments.
In his first significant network television interview since the general election in November, Trump told Meet the Press moderator Kristen Welker, “I can’t guarantee anything.” Tomorrow is something I cannot promise.
Trump went on to say that he had placed tariffs on other nations before the COVID-19 epidemic.
The president-elect assured Welker that despite receiving hundreds of billions of dollars, there was no inflation. They hadn’t experienced inflation for a year and a half when I turned it over, in fact.
Trump suggested 25% tariffs on imports from the US’s major three trading partners—Canada, China, and Mexico—in November. The president-elect has voiced his disapproval of what he describes as the unchecked entry of illegal immigrants and drugs into the United States from these three nations.
Trump also threatened to impose economic sanctions on the nine developing market nations that make up the BRICS organization late last month. If they tried to abandon the US dollar, he threatened to impose 100% tariffs.
On NBC, Trump reaffirmed his support for tariffs, calling them “beautiful,” and claimed that the US was supporting Canada and Mexico.
The president-elect said, “Let them become a state if we’re going to subsidize them.” Mexico, Canada, and several other nations are receiving subsidies from us. And a level, quick, and equitable playing field is all I seek.
After Trump threatened to impose tariffs, Canadian Prime Minister Justin Trudeau traveled to Mar-a-Lago late last month to have dinner with him. Later, Trudeau claimed to have had a great talk with the president-elect.
Claudia Sheinbaum, the president of Mexico, said she had a great talk with Trump recently, and they talked about her nation’s immigration plans.
Voters’ primary concern in the November election was the economy, and Trump’s victory over Vice President Kamala Harris was largely due to their discontent with President Joe Biden’s management of inflation.
Harris attempted to outline her economic strategy, emphasizing housing affordability and price gouging, but she was unable to follow Trump’s example on the matter.
Trump’s emphasis on inflation helped him win over many working-class and minority voters nationwide, undermining the Democratic Party’s long-standing advantages.
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Eliot Pierce is a dedicated writer for ChiefsFocus.com, covering local crime and finance news. With a keen eye for detail and a passion for storytelling, Eliot aims to provide his readers with clear and insightful analysis, helping them navigate the complexities of their financial lives while staying informed about important local events. His commitment to delivering accurate and engaging content makes him a valuable resource for the community.