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Trump’s Chief Economic Advisor: Tariff Hikes To Only Affect Foreign Countries, ST Impact on U.S. Econ Limited
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Stephen Miran, chief economic advisor to U.S. President Donald Trump, downplayed the short-term repercussions of tariffs on the U.S. economy, stating that American consumers have choices and flexibility, while businesses can also produce goods domestically. Earlier, Trump had indicated that the reciprocal tariffs to be announced next week might include exemptions for many countries. Miran noted that the situation is still evolving, with Trump and his team considering various options. He emphasized that the impact of tariff increases would primarily affect foreign countries rather than the U.S., meaning the risk to the U.S. economy or the pass-through effect on price increases would be very limited. AAStocks Financial News |
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