Trump reiterated his promises to impose tariffs and increase oil production, even if it impacts consumers, risking inflation which played a key role in his election.
On tariffs, Trump stood by his promise for new levies on major trading partners, insisting those other nations would absorb costs and claiming no inflation during his prior presidency.
The National Retail Federation estimates that a 60% tariff on China could cost the average American household up to $624 a year, while Trump's full plan could reach $2,600.
On energy, Trump reiterated a commitment to increased domestic oil drilling, despite the existing oversupply and slipping oil futures, emphasizing his administration's familiar "drill baby drill" mantra.
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