Apparently unaware American consumers pay the ultimate cost for price increases, multiple-time indicted felon Donald Trump will propose a general 10% tariff on all imported goods as a central focus on his 2024 attempt to regain the White House to avoid jail, the Washington Post reports.
Trump has met with his favorite economic advisors–Larry Kudlow, Brooke Rollins, Stephen Moore and former House speaker Newt Gingrich–who were responsible for skyrocketing deficits that started prior to the pandemic and grew to a $8 trillion bump to the national deficit–to craft a policy he can tout against President Joe Biden, who has celebrated the positive impacts of the administration’s economic program by touring locations benefiting from his programs.
Trump wants a “universal baseline tariff” which he believes will provide a protectionist barrier to American industry, demonstrating Trump’s simplistic understanding of macroeconomics. “When companies come in and they dump their products in the United States, they should pay, automatically, let’s say a 10 percent tax … I do like the 10 percent for everybody,” Trump said in an interview on Kudlow’s Fox Business show last week.