Biden calls Trump’s tariff plan ‘major mistake’
WASHINGTON (AA) – President Joe Biden criticized President-elect Donald Trump’s plan to impose new tariffs on goods from Mexico, China, and Canada, describing it as a “major mistake.”
Speaking at the Brookings Institution, a US-based think tank, on Tuesday, Biden highlighted his administration’s efforts to support post-COVID-19 economic recovery.
As his four-year term nears its end, Biden claimed that most economists agree the incoming administration will inherit a robust economy.
He said that the economy’s transformation has laid a solid foundation for sustainable, broad-based, high-productivity growth, expressing hope that the new administration would preserve and build on this progress.
“I believe the economy I’m leaving at the moment is the best economy, the strongest economy in the world,” said Biden.
“I pray to God the president-elect throws away Project 2025,” Biden added, referring to a detailed plan to make a long list of far-right priorities a reality.
During the election campaign, Trump advocated for substantial tariff increases, particularly on Chinese imports. He announced plans to impose a 60% tariff on Chinese goods and a 10-20% tariff on imports from other countries.
While he claims the exporting countries will pay these increased tariffs, economists say consumers will end up paying.
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