Former president and Republican candidate for the White House Donald Trump insisted this Tuesday on the need to impose tariffs on imports and 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 to impose tariffs of between 10 and 20% on all imported products, and 60% for those from China.
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The Republican affirmed this Tuesday that 10% is “insufficient” to achieve the relocation of companies in the United States, and suggested that the tariffs should be 50% if the aim is to save jobs.
“The higher the tariffs, the more likely the company will come to the United States and build a factory here so they don’t have to pay,” he said.
Rejects that tariffs impact consumers
Trump pushed back against economists who argue that imposing tariffs ends up impacting consumers in the form of higher prices and argued that they only increase costs for foreign companies and countries.
Trump also denied that he intends to give orders to the Federal Reserve on interest rates, but argued that he should be allowed to have a say in the matter.
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Trump avoided answering whether he would keep Jerome Powell, whom he appointed and whom President Joe Biden has kept in office, as head of the Fed.
With information from EFE
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