Official announcement from Donald Trump or related press release

Trump Reiterates Strong Tariff Stance, Advocates for Up to 50% Tariffs to Boost U.S. Manufacturing

Oct 15, 2024, 05:10 PM

Former President Donald Trump has reiterated his strong stance on tariffs during a recent interview. Trump emphasized that companies can avoid tariffs by building their plants in the United States. He criticized past trade deals, calling them 'stupid,' and argued that higher tariffs would incentivize companies to relocate their manufacturing to the U.S. Trump also declared tariffs as his favorite word and suggested that a 10% tariff is insufficient, advocating for tariffs as high as 50% to bring jobs back to the country. He dismissed concerns about the negative impact of tariffs on the U.S. economy, asserting that the effects would be positive. Trump also mentioned raising taxes on imported goods by 2,000% and stated that products made in Mexico would face tariffs. He claimed that importers, not China, are responsible for paying the tariffs.