Donald Trump defends increasing tariffs on Chinese imports, dismisses retaliatory move threat
Donald Trump defended his plan to increase tariffs on Chinese imports if elected for a second term, saying he did not mind if China retaliated with tariffs of its own on US goods. «That's OK, they might do that, but they didn't do that with me,» he said.
«Even if they do, let American companies come back to America, he said in an interview with CNBC's „Squawkbox“ on Monday. Trump also laid out some of his financial priorities and defended his planned 10% across-the-board tariffs, saying any resulting price increase for families could be offset by tax cuts and calling for his 2017 tax cuts to be extended.
Trump's comments are his first extended remarks on his economic plans since he became the party's likely nominee following last week's „Super Tuesday“ primary elections, setting up a rematch with President Joe Biden.
„Taxes could be cut, other things could happen to more than adjust that. But I'm a big believer in tariffs,“ Trump said, adding, they help American industries when they are „being taken advantage of“ by China and other nations.
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