US Can Be ‘Fabulous Economy’ With Tariffs, Trump Aide Says
- Trump nominee to run CEA speaks at confirmation hearing
- Stephen Miran cites history in supporting tariff increases
Stephen Miran during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, on Feb. 27.
Photographer: Al Drago/BloombergThis article is for subscribers only.
The nominee to become President Donald Trump’s chief White House economist defended his boss’s decision to charge ahead with duties on some of the US’s biggest trading partners, telling senators Thursday the country can have a “fabulous economy” even with high tariffs.
“The American economic story has seen periods of high tariff rates coincide with extraordinary economic success,” said Stephen Miran, Trump’s pick as chair of the Council of Economic Advisers. “There’s nothing in the historical record that would say that it’s impossible to have a fabulous economy with high tariffs.”