Trump offers robust defense of tariffs: Takeaways from feisty Bloomberg interview

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Trump offers robust defense of tariffs: Takeaways from feisty Bloomberg interview
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editor-in-chief John Micklethwait grilled Trump on a range of issues, mostly economic but also dipping into immigration, foreign wars, and who needs to take a cognitive test.1. Trump offers full-throated defense of tariffs

Trump campaigned in 2016 on implementing tariffs on China, which he did after taking office, and President Joe Biden has largely kept them in place. The former president now plans to go even bigger on tariffs if he wins again, seeing them as a tool to shore up American manufacturing and to strike better deals with foreign nations.

The remarks drew applause from the surprisingly pro-Trump crowd in attendance. Trump made similar claims about allies such as Japan and Germany, two countries that he said sell their cars in the U.S. but refuse to buy American cars and could be coaxed into better trade deals by implementing or threatening tariffs.When asked about the status of the U.S. dollar as the world’s reserve currency, Trump said he would use tariffs to ensure the dollar remains dominant.

“I think it’s the greatest job in government,” Trump said. “You show up to the office once a month, and you say, ‘Let’s see — flip a coin.’ And everybody talks about you like you’re a god. ‘Oh, what will they do?'”“I think I’m better than most people would be in that position,” Trump said. “I have the right to say I think he should go up or down a little bit.

“I call it the weave,” Trump told Micklethwait. “You have the weave, as long as you end up in the right location at the end .”

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