Bernie Moreno emphasizes his support for Trump’s tariff and tax policies to boost the U.S. economy
Republican businessman Bernie Moreno, who recently defeated incumbent Ohio Senator Sherrod Brown, emphasized that tariffs under President-elect Donald Trump’s administration are here to stay, aligning with Trump’s economic strategy to boost the U.S. economy and discourage companies from outsourcing jobs.
“They’re not going anywhere,” Moreno stated in an interview on Wednesday. He highlighted Trump’s commitment to a tax policy aimed at penalizing companies that move jobs overseas while rewarding those that bring jobs back to the United States.
The approach reflects a central pillar of Trump’s economic agenda: controlling tariffs and individual taxes to strengthen domestic industries and create a favorable environment for American workers.
Trump’s proposed tariff plan includes a general tariff on all imported goods, designed to shift investment back into the U.S. and stimulate local industries. Specifically, he is proposing a 10% to 20% tariff on imports, a move intended to reduce reliance on foreign goods and incentivize companies to manufacture within the United States.
Trump addresses supporters, pledging to revive the economy with bold policies
Additionally, Trump has outlined a separate, more substantial tariff aimed at imports from China, a critical trading partner for the U.S., in order to address trade imbalances and protect American jobs.
While Trump and Moreno argue that these tariffs will support American workers and industries, economists caution that the policy could create challenges for existing trade agreements and disrupt relationships with longstanding U.S. allies.
There are concerns that such broad tariffs might trigger retaliatory measures from other nations, potentially leading to higher costs for consumers and a more complex international trade landscape.
Moreno, a successful businessman who built a network of car dealerships across Ohio, has voiced strong support for Trump’s vision to strengthen the middle class. Initially, he trailed Brown in the Ohio Senate race, but his message about restoring the middle class and protecting American jobs resonated with voters, helping him secure the win.
Trump discusses his plan to implement tariffs aimed at boosting U.S. industry
In his recent comments, Moreno underscored the importance of prioritizing the middle class, which he sees as essential to America’s economic strength. “We have rich people everywhere on Earth. That doesn’t make it unique here in America. What makes America unique is a growing and thriving middle class, and we have to deliver to those people,” he said.
Trump’s economic plan goes beyond tariffs, incorporating tax policies aimed at supporting middle-class growth. Moreno and Trump both advocate for individual tax cuts to give Americans more disposable income, encouraging spending within the U.S. economy.
Trump has proposed extending tax relief for middle-income families and offering tax incentives to U.S.-based manufacturers, creating a more appealing economic environment for domestic companies.
Together, these policies on tariffs and taxes represent Trump’s broader goal of rebuilding America’s economic foundations. By controlling tariffs and revising individual tax policies, Trump aims to create jobs, boost domestic production, and reduce the country’s reliance on foreign manufacturing. For Moreno and Trump, the vision is clear: a more self-sufficient U.S. economy that focuses on strengthening the middle class and rewarding businesses that invest in American workers.
