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Trump's Return Could Boost Spending by Trillions: Henrietta Treyz
Posted
January 6, 2025
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January 6, 2025
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2:33Now PlayingPresident-elect Donald Trump denied a Washington Post report that his aides are considering narrowing his tariff plan so that it would only apply to limited specific critical imports.
“The story in the Washington Post, quoting so-called anonymous sources, which don’t exist, incorrectly states that my tariff policy will be pared back. That is wrong,” Trump said in a Truth Social post on Monday.
The Washington Post reported that Trump’s aides were discussing applying tariffs to some goods from all countries, but targeting the list of items to those where there are national or economic security concerns, the story said, citing three people familiar with the discussions who it didn’t identify.
If it were to come to fruition, that plan would mark a significant narrowing of the universal tariffs of 10% to 20% that Trump proposed during his campaign, a move economists expect to drive up consumer prices and distort patterns of global trade.
Veda Partners Director of Economic Policy Henrietta Treyz breaks down the potential fiscal impact of President-elect Donald Trump's return to office this month. Henrietta speaks with Tom Keene and Paul Sweeney Bloomberg Radio.
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