Trump to move fast on tariffs, says Wall Street firm, citing clients who met with ex-trade chief
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Robert Lighthizer, former U.S. Trade Representative, informs Wall Street that Trump could implement tariffs quickly if reelected; Trump proposes 60% tariffs on Chinese imports and 10% across-the-board tariffs; Lighthizer is a key advisor and potential cabinet member; Trump's tariffs are seen as a way to fund tax cuts and reshape the economy; Economists warn tariffs could raise prices and hurt GDP; Kamala Harris cites potential $4,000 tax increase for families due to tariffs; Trump claims tariffs will not raise consumer prices; Analysts expect quicker tariff implementation in a second Trump term.
#Trump #Tariffs #Lighthizer #Economy #2024Election #Harris #Trade #PiperSandler #China #Republican
https://www.cnbc.com/2024/10/12/trump-trade-tariffs-lighthizer-election-china.html
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