Trump Reneges on Promise That His Tariffs Won’t Raise Costs for Consumers
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President-elect Donald Trump took a massive step back from previous claims he’s made on his planned tariffs, stating in an interview over the weekend that he could no longer “guarantee” that costs from tariffs wouldn’t be passed onto consumers. During the presidential campaign, Trump often touted tariffs as a means of generating revenue for the U.S. without raising taxes directly on American…