Former President Donald Trump sits down with Bloomberg Businessweek to discuss his economic platform, including bringing back manufacturing, dealing with inflation, and potential changes at the Federal Reserve. He also talks about his views on tech companies, social media, China, and global trade policies.
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Quick takeaways
Trump's 'Trumponomics' prioritizes low inflation and boosting U.S. manufacturing.
Trump advocates for protectionist trade policies like higher tariffs, especially against China.
Deep dives
Trump's Strategy for RNC
Former President Donald Trump is strategically focusing on a more disciplined approach for the Republican National Convention, aiming to appeal to voters like white suburban women and projecting unity. His campaign is emphasizing core issues, particularly the economy, promising a return to pre-pandemic conditions.
Trump's Economic Platform
Trump's economic platform, outlined as 'Trumponomics', involves low inflation, lower interest rates, higher growth, and bringing back manufacturing to the U.S. He plans to address inflation by increasing oil drilling and energy exploration domestically. He clarifies his stance on the Federal Reserve Chair Jerome Powell, intending to allow him to serve based on performance.
Trump's Trade and Foreign Policy
Trump supports protectionist trade policies, advocating for higher tariffs particularly against China to protect U.S. industries. He justifies his stance by dismissing concerns over tariffs affecting the economy and recalling the stability during his presidency. Additionally, Trump questions U.S. involvement in protecting Taiwan, emphasizing potential policy shifts if reelected.
Former President Donald Trump accepted the Republican nomination at the party’s convention this week, just two days after an attempted assassination at a campaign rally over the weekend. Prior to that attack, and shortly before his first debate with President Joe Biden, Trump laid out his vision for a second term in a wide-ranging, 90-minute interview with journalists from Bloomberg Businessweek.
Reporter Nancy Cook and editor Brad Stone take host David Gura inside that conversation, where they dig into “Trumponomics,” how Trump plans to appeal to voters and business leaders who have turned their backs on him.