Biden Says Trump’s Tax and Tariffs Plans Are a Mistake

“President Joe Biden on Tuesday took direct aim at President-elect Donald Trump’s economic agenda, denigrating his plan to impose sweeping tariffs and cut taxes as a ‘major mistake’ that will weaken the economy,” Politico reports.

Said Biden: “By all accounts, the incoming administration is determined to return the country to another round of trickle-down economics. On top of that, he seems determined to impose steep, universal tariffs on all important goods brought into this country on the mistaken belief that foreign countries will bear the cost of those tariffs, rather than the American consumer.”