“I was always very good at mathematics,” Trump told John Micklethwait, the editor in chief of Bloomberg News, in an interview at the Economic Club of Chicago.
Explaining that his favorite word in the dictionary is “tariffs,” Trump “weaved” his way around the reality laid out by the Bloomberg journalist who oversees all of the publication’s content including its news, newsletters, magazines, opinion, television, radio and digital properties, and research services.
Micklethwait pointed out that projections by budget analysts show that Trump’s plans would add $7.5 trillion to the federal debt through the year 2035, more than twice that of policies of Kamala Harris.
Micklethwait tried to explain the actual impact. “Three-trillion worth of imports and you will add tariffs to every single one of them, and push up the cost for all of these people to buy foreign goods,” he said. “That is just simple mathematics.”
Still, Trump insisted his mix of tax cuts and tariffs would support growth.
When contradicted with facts cited by a Rupert Murdoch publication, he said, “What does The Wall Street Journal know? They’ve been wrong about everything, and so have you by the way, you’ve been wrong,” Trump replied, crossing his arms and curling into his seat.
