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Why Trump Likes Tariffs: To Fund US Tax Cuts, or Negotiate Trade?
Trump is due to reveal his tariff plans in the White House Rose Garden just as US markets close on Wednesday. Several proposals are said to be under consideration, including a tiered tariff system with a set of flat rates for countries, as well as a more customized reciprocal plan. Trump has talked about using tariffs to bring manufacturing back to the US and funding previously promised tax cuts. During his confirmation hearing, US Commerce Secretary Howard Lutnick has also framed the tariff plan as a means to regain the world's respect. Bloomberg's Head of Economics and Government, Stephanie Flanders, discusses how Trump could use tariffs as a policymaking tool to achieve his agenda. Flanders spoke on "The Pulse with Francine Lacqua."
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