Trump Hints at Larger Tariffs, Defends Policy as Inflation-Fighting Strategy. Here's Why Analysts Are Raising Red Flags About the Former President's Plan

Benzinga

Former President Donald Trump delivered a speech at the Economic Club of New York, outlining his economic vision, including plans for new tariffs on U.S. imports. He suggested higher tariffs than previously proposed, without providing specific percentages. Trump defended tariffs to combat inflation and rebuild industries, particularly targeting China with possible 60% duties. Analysts, including Goldman Sachs, warned these tariffs could hinder economic growth, with potential cost increases for U.S. households.

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00:00It's Benzinga, and here's what's on the block.

00:03Former President Donald Trump delivered a speech at the Economic Club of New York outlining

00:06his economic vision, including plans for new tariffs on U.S. imports.

00:11He suggested higher tariffs than previously proposed without providing specific percentages.

00:16Trump defended tariffs as a means to combat inflation and rebuild industries, particularly

00:20targeting China with possible 60 percent duties.

00:24Analysts, including Goldman Sachs, warned these tariffs could hinder economic growth,

00:28with potential cost increases for U.S. households.

00:30For all things money, visit Benzinga.com.

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