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

  • last week
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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