What Will The Trump Economy Look Like? What The Hearing For His Top Advisor Revealed | Global News Avenue

The Trump administration’s economic policy will be high tariffs, reducing regulations and investment in weapons, said the nominee for the president’s nomination.

Stephen Miran, who nominated chairman of the White House Economic Adviser Council, proposed the administration’s economic vision at a confirmation hearing on the Senate Banking Committee on Thursday. Miran echoed the president’s statements during his campaign, and since he took office, the United States will “reindustrialize” by taxing foreign imports, reducing regulations on businesses and developing the defense industry.

At the hearing, Miran Increase consumer prices And delay the economy. The hearing happened on the day Trump confirmed that he was 25% tariffs on Mexico and Canada And double the existing 10% tariffs on China.

“The U.S. economic history has seen high tariff rates match the extraordinary economic success,” Milan said. “So there is nothing in the history that it is impossible to have a great economy with high tariffs.”

In answering the Senator’s question, Milan said Trump will reduce costs for consumers by giving up his business.

“If it takes years to get the license required to open a factory, the company will go abroad further,” he said. “Each regulation is a compliance burden that covers the cost of doing business.”

Miran is a former strategist at investment firm Hudson Bay Capital and a researcher at the conservative think tank Manhattan Institute. He holds a Ph.D. in Economics from Harvard University.