Trump’s tariff plan: Former president floats huge new tax if he returns to White House – By Jack Birle (Washington Examiner) / Aug 22, 2023
Former President Donald Trump made trade policy and tariffs a key part of his foreign policy in his first term as president, and now as he seeks a second term, he is proposing a sweeping tariff policy.
Trump reaffirmed his idea of a universal tariff, taxing all goods from foreign producers by a certain amount upon import, while speaking on Fox Business’s Kudlow last week
“I think we should have a ring around the collar, as they say. I think when companies come in and they dump their products in the United States, they should pay, automatically, let’s say, a 10% tax,” Trump said. “That money would be used to pay off debt. It’s a massive amount of money even at 10%.”
“It’s not gonna stop business because it’s not that much, but it’s enough that we’re really gonna make a lot of money. The other thing I want to have is a matching tax,” he added.
