Tim Scott rips Trump’s 10% tariff proposal

[Kamaji]

Tim Scott rips Trump’s 10% tariff proposal, lays out his ‘Build Don’t Borrow’ economic vision

By Ryan King
Published Sep. 14, 2023

Sen. Tim Scott’s (R-SC) 2024 economic agenda rollout Thursday featured many typical Republican objectives with one glaring exception: trade.

Nestled in his hodgepodge of GOP wish list items such as tax cuts and regulatory rollbacks in his newly unveiled “Build Don’t Borrow” plan is a call to “avoid blunt trade wars with our friends and allies.”

The proposal pits the Republican presidential contender at odds with the party’s frontrunner former President Donald Trump, who has floated a 10% baseline tariff on goods pouring into the US.

“An across-the-board 10% [tariff would] increase in the cost of everything,” Scott told The Post. “In the current inflationary environment [that] would not be helpful.”

While Scott agrees that the tariffs the US has imposed on China are “helpful,” he is wary about the repercussions of slapping broad-based sanctions on non-adversarial nations.

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Source:  https://nypost.com/2023/09/14/tim-scott-rips-trumps-10-tariff-proposal-lays-out-his-build-dont-borrow-economic-vision/

[kevindavis007]

Tim Scott rips Trump’s 10% tariff proposal, lays out his ‘Build Don’t Borrow’ economic vision

By Ryan King
Published Sep. 14, 2023

Sen. Tim Scott’s (R-SC) 2024 economic agenda rollout Thursday featured many typical Republican objectives with one glaring exception: trade.

Nestled in his hodgepodge of GOP wish list items such as tax cuts and regulatory rollbacks in his newly unveiled “Build Don’t Borrow” plan is a call to “avoid blunt trade wars with our friends and allies.”

The proposal pits the Republican presidential contender at odds with the party’s frontrunner former President Donald Trump, who has floated a 10% baseline tariff on goods pouring into the US.

“An across-the-board 10% [tariff would] increase in the cost of everything,” Scott told The Post. “In the current inflationary environment [that] would not be helpful.”

While Scott agrees that the tariffs the US has imposed on China are “helpful,” he is wary about the repercussions of slapping broad-based sanctions on non-adversarial nations.

*  *  *

Source:  https://nypost.com/2023/09/14/tim-scott-rips-trumps-10-tariff-proposal-lays-out-his-build-dont-borrow-economic-vision/

Tim is right