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Tarrifs

By Masao Suzuki

San José, CA – On Monday, July 15, Donald Trump was officially nominated as the Republican Party candidate for president. Given his lead, albeit slim, in the polls over President Biden, it would be wise to look at Trump’s economic policies.

A central part of Trump’s economic plans is to raise tariffs, or taxes on imports. He is calling for 10% across the board and 60% for imports from China. Trump proudly calls himself “Tariff Man” and holds up President William McKinley as a role model for raising tariffs. McKinley was congressperson and president who was a strong advocate for tariffs in the late 1900s.

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