February 14, 2025
Toomey: Trump’s tariff plans rooted in conflicting revenue, reshoring goals
President Trump’s belief that tariffs will raise revenue from foreign sources while spurring a revival in domestic manufacturing is inherently contradictory, former Sen. Pat Toomey (R-PA) said on Thursday, warning that aggressive tariffs are likely in the offing and that their impacts will be “messy.” Toomey, a vocal critic of Trump’s trade policy in his first term, spoke about the president’s promises to ramp up his use of tariffs during a panel discussion hosted by the Council on Foreign Relations...
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