Former President Donald Trump used an appearance before the Economic Club of Chicago on Tuesday to deliver a strong defense for using tariffs on foreign imports to grow jobs and the economy, dismissing criticism it could lead to consumer price increases and a resurgence of inflation if he is elected.
The Republican presidential nominee also warned that the country is on the verge of World War III because of conflicts in Ukraine and the Middle East and questioned the intelligence of Vice President Kamala Harris, the Democratic presidential contender, to solve economic and foreign issues.
Trump’s unusual visit to a nonbattleground state with three weeks left in the campaign lacked any mention of his long-standing criticisms of Chicago and violence. He offered the more than 500 people in attendance, largely major business executives supportive of his campaign, a backhanded compliment by noting that he appeared before the Detroit Economic Club last week and, “I think you people are probably even wealthier. OK?”
The former president also veered wildly from questions posed to him by John Micklethwait, the editor-in-chief of Bloomberg News, and restated past criticisms of the “fake media” and “corrupt press.”
Asked about a potential Justice Department move to break up Google parent Alphabet, Trump complained that its search engine’s algorithms display a preponderance of negative stories about him.
“I think it’s a whole rigged deal. I think Google’s rigged, just like our government is rigged,” he said. But he stopped short of saying the tech giant should be broken up.
He again defended the deadly riot at the U.S. Capitol on Jan. 6, 2021, by Trump supporters seeking to block President Joe Biden’s Electoral College certification and claimed there had been a “peaceful transfer of power.” But Trump did not commit to a peaceful concession should he lose to Harris in November.
Trump has touted imposing tariffs as part of his protectionist America First agenda for restoring and bringing in jobs and new manufacturing into the United States, most often citing China as a major threat.
But in speaking for just more than an hour at a downtown hotel ballroom, Trump also warned that U.S. allies, including members of the European Union, Japan and South Korea, had taken advantage of import rules at the expense of the United States’ economic well-being.
“Our allies have taken advantage of us more so than our enemies,” Trump said.
“They screw us on trade, so bad the European nations,” he said, adding to it the cost of U.S. support for NATO, “so they’re taking tremendous advantage of us.”
With an estimated 40 million U.S. jobs that rely on trade, accounting for more than a quarter of the nation’s gross domestic product, Trump said his answer was an easy one for companies wanting to avoid tariffs and the higher costs associated with their goods.
“All you have to do is build your plant in the United States, and you don’t have any tariffs,” he said.
Economists have repeatedly argued tariffs would amount to a national sales tax. Asked about the contention the tariffs would hit consumers on the roughly $3 trillion worth of current imports, Trump said, “The higher the tariff, the more likely it is that the company will come into the United States and build a factory in the United States so it doesn’t have to pay the tariff.”
For the auto industry, Trump threatened tariffs of as high as “2,000%” to prevent foreign companies from importing cars. He said the move would price those companies out of the American consumer market unless those car companies begin building new and more manufacturing facilities in the U.S.
Trump spoke of the decline of the U.S. steel industry until he imposed tariffs on Chinese steel. He also repeated his opposition to the potential acquisition of U.S. Steel by Japan-based Nippon Steel.
“There are certain companies you have to have. There are certain things you have to have. Steel, you have to have if you go to war,” Trump said. “While we’re talking about it, we have never been so close to World War III as we are right now with what’s going on in Ukraine, Russia and the Middle East.”
On the neck-and-neck Nov. 5 presidential election, Trump reiterated many of his insults he’s made about Harris on the campaign trail.
“I never thought I’d say this: She is not as smart as Biden if you can put it that way. We had four years of this lunacy and we can’t have anymore. We’re not going to have a country left,” Trump said.
Trump also continued to voice his baseless grievance that the 2020 election was stolen from him, saying he believed the election was “100%” crooked. Speaking about Jan. 6 again, he said his supporters had a right to protest and said of the day of the attack that “it was love and peace” and then “some people went to the Capitol, and a lot of strange things happened.”
The former president also lied when he said none of the Capitol rioters had a gun. As a result of the attack, there were 129 people charged with ‘using a deadly or dangerous weapon or causing serious bodily injury to an officer,” the Pointer Institute found.
It was Trump’s first public appearance in Chicago since his July 31 conversation before the National Association of Black Journalists convention in which he notably questioned the racial identity of Harris, the first Black and Asian American woman to become a major party’s presidential nominee.
Trump sandwiched the trip to Chicago between a visit Monday evening for a rally in suburban Philadelphia that was cut short due to people who became overheated and a Tuesday evening appearance in Atlanta for a “town hall” on women’s issues.
Democrats have been using the Supreme Court’s reversal of a federal right to abortion to try to motivate women voters to cast ballots opposing Trump and down ballot Republicans for their anti-abortion stance.
In addition to economic clubs in Chicago and Detroit, Trump also visited the Economic Club of New York in September, where he said revenue from tariffs would more than cover the need to help provide child care assistance for working parents.
“We’re going to be taking in trillions of dollars, and as much as child care is talked about as being expensive, it’s — relatively speaking — not very expensive, compared to the kind of numbers we’ll be taking in,” he said.
Tribune reporter Rebecca Johnson contributed.
