Trump touts tariffs as path to wealth, blames Biden for woes
Donald Trump gave an interview to NBC where he defended his decision to introduce tariffs and downplayed their long-term effects. He also claimed economic successes while blaming failures on Joe Biden. "He did a terrible job on everything," Trump stated.
"I'm just saying [children] don't need to have 30 dolls, they can have three, they don't need to have 250 pencils, they can have five," Trump remarked, defending his decision to implement strict tariffs. He referred to comments from a cabinet meeting earlier in the week where he dismissed concerns that the tariffs would lead to supply shortages in the American market.
The President of the United States stated that the newly implemented tariffs would significantly boost the nation's wealth, expressing confidence that they would lead to substantial economic prosperity.
Trump also downplayed the potential long-term negative impact of tariffs on the U.S. economy, even if the country experiences a recession in the short term. "Yes, everything is fine. I said it's a transition period. I think we'll manage fantastically," he stated.
What's good is Trump, what's bad is Biden?
According to CNBC, in the interview, Donald Trump credited himself for the "good sides" of the economy and unequivocally stated that the "bad sides" are a consequence of Joe Biden's presidency, his predecessor.
"I think the good parts are the Trump economy and the bad parts are the Biden economy because he's done a terrible job," Trump stated. "He did a terrible job on everything," he added.
"Ultimately, I take responsibility for everything, but I've been here for just over three months," emphasized the President of the USA.
