Trump vows to impose tariffs as experts warn of price hikes and angry allies

In often-combative conversation with Bloomberg editor in Chicago, Trump says tariff' is his favorite word

Donald Trump doubled down on his promise to levy tariffs on all imports in a bid to boost American manufacturing, a proposal that economists say would probably mean higher prices for consumers while angering US allies.

To me, the most beautiful word in the dictionary is tariffs'," Trump said in an often-combative conversation with John Micklethwait, editor-in-chief of Bloomberg News, at the Economic Club of Chicago on Tuesday. It's my favorite word."

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