Trump intends to raise tariffs by 10% if he wins the presidency

Donald Trump defended his proposal to impose a 10% tariff on imports, noting that tax cuts could contribute to alleviating their impact on families. During an interview with CNBC, US President Joe Biden's Republican rival in next November's elections said that "taxes could be reduced" when asked about the potential negative repercussions of his proposal. The proposal raises many concerns, especially in terms of obstructing global trade and increasing costs for American families. The former US president's statements come after he and Biden achieved landslide victories last week on Super Tuesday, the day on which primary elections were held in 15 states and one region. It has become almost certain that the 2024 elections will be held between the two candidates who ran in 2020. In addition to directing criticism at Beijing, Trump considered that the European Union “exploits us almost as much as China does, but it does so with a smile.” During his presidential term, Trump imposed large tariffs on several goods, including imported steel and aluminum, in a move that targeted Chinese products but also included European Union exports, which prompted retaliatory reactions from close allies of the United States. Trump's term witnessed the imposition of mutual tariffs between Washington and Beijing on hundreds of billions of dollars in goods, in a dispute that threatened to strangle the global economy. (AFP)