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Trump Downplays Tariff Costs in ABC Interview

Business and Finance
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sparksAI summary
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  • Trump believes China will absorb tariffs' costs
  • Defends deportation policies and actions against opponents
  • Economists warn of potential price increases on imported goods
360 summary
  • President Trump believes that China will bear the burden of tariffs on Chinese imports, stating, "China probably will eat those tariffs."
  • Economists caution that America will not be unscathed from the trade war, warning of potential empty shelves in American shops if Chinese imports are halted.
  • Trump's criticism of Federal Reserve Chair Jerome Powell extends to his confidence in understanding interest rates better, despite Powell's warnings of inflationary effects from tariffs.
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