Future
Trump and Harris Push Economic Plans to Woo Holdouts
The candidates provided more detail on how they would bolster the economy, with ideas ranging from tariffs to more assistance for Black entrepreneurs.
Donald Trump detailed more of his economic plans on Tuesday in an interview with the editor in chief of Bloomberg News.Credit…Jim Vondruska for The New York Times
Inside the latest Trump and Harris economic pitches
With the presidential race virtually a dead heat, Vice President Kamala Harris and Donald Trump on Tuesday zeroed in on voters who could swing the outcome.
Their latest pitches provided new details about how each would run the economy, and came as more information emerged about the financial firepower supporting their campaigns.
“The most beautiful word in the dictionary is ‘tariff,’” Trump said in an interview with John Micklethwait, the editor in chief of Bloomberg News, at the Economic Club of Chicago. He proposed setting levies at as high as 50 percent — up from the 10 percent he had previously floated — to encourage companies to bring back production to the United States.
Several economists have warned that such tariffs, along with the tax cuts that Trump has floated, could aggravate inflation, cost as much as $15 trillion and potentially cause a recession. But the Republican candidate waved away such concerns, saying, “I was always very good at mathematics.”
Trump took shots at foils new and old, again underscoring his increasingly combative approach to opponents. As Micklethwait pressed him on the downsides of tariffs, Trump told him, “You’ve been wrong all your life.”
Trump hit out again at Google, which he has accused of showing only negative stories about him. “Google is rigged just like our government is rigged,” he said. (The company has denied the former president’s claims.) But Trump suggested that the tech giant shouldn’t be broken up, saying that “China is afraid of Google.”
