Trump Likes Tariffs as a ‘Revenue Source,’ Wilbur Ross Says
Donald Trump following a meeting with Senate Republicans at the National Republican Senatorial Committee office in Washington, DC on June 13.
Photographer: Al Drago/BloombergDonald Trump’s proposals to increase tariffs on foreign goods are part of a strategy to raise revenue, his onetime Commerce secretary said, as the former president weighs new levies on US trading partners if he wins the November election.
“President Trump has always liked the idea of tariffs as a revenue source, and that’s where he went with the idea of tariffs on products from day one,” Wilbur Ross said Thursday in an interview with Bloomberg Television.