Proclaiming that “I’m a big believer in tariffs,” former President Donald Trump on Monday indicated he’s likely to reinstitute duties on foreign goods should he win election to a second term.
In a CNBC interview, Trump cited both economic and political benefits from targeting foreign goods entering the U.S.
“I fully believe in them economically when you’re being taken advantage of by other countries,” the presumptive Republican nominee said during a “Squawk Box” interview, referring to tariffs. “Beyond the economics, it gives you power in dealing with other countries.”
The comments come as Trump is running a close race in the polls with President Joe Biden. With his latest slew of victories in the Republican primaries and all his opponents dropping out, Trump looks set to become the party nominee in a race where the economy will loom large.
"China is right now our boss. Almost like we're a subsidiary of China," says @realDonaldTrump. "The whole topic of tariffs to me is so simple. It's great economically for us and it brings our companies back. If you don't have tariffs, we have nothing whatsoever on them." pic.twitter.com/YyAjJ9HEHH
— Squawk Box (@SquawkCNBC) March 11, 2024
