financetom
Economy
financetom
/
Economy
/
Trump again attacks New York prosecutor, floats economic plans at New Jersey rally
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump again attacks New York prosecutor, floats economic plans at New Jersey rally
May 13, 2024 5:06 AM

By Gram Slattery

WILDWOOD, New Jersey (Reuters) - Republican presidential candidate Donald Trump attacked the Manhattan judge and prosecutor in his New York criminal trial, while hinting at a range of possible economic policies at a sizable rally in New Jersey on Saturday.

Speaking before tens of thousands of supporters on a chilly beach on the Atlantic coastline, the former president disparaged District Attorney Alvin Bragg's appearance and dismissed the various state and federal charges he faces as a form of political persecution.

"Fat Alvin, corrupt guy," said Trump, who is on trial for allegedly falsifying business records to hide a hush money payment to a porn star before the 2016 presidential election that he won.

Trump also took aim at the trial judge, Justice Juan Merchan, accusing both men of working at the behest of President Joe Biden, his Democratic rival in this year's presidential rematch - an allegation for which there is no evidence.

"They're doing the bidding for crooked Joe Biden. This is all being done by crooked Joe Biden."

The New York case is one of four state and federal criminal trials Trump faces and may be the only one to be held before the Nov. 5 election. He has pleaded not guilty in all of them, portraying them as politically motivated.

Trump was in the beachside town of Wildwood, New Jersey, a conservative part of an otherwise Democratic state.

Though the former president told supporters he plans to win New Jersey, that is unlikely given that Biden beat the then-president in the state by 16 percentage points in 2020.

But Wildwood is less than 90 minutes from Pennsylvania, one of the nation's most competitive states, and it is a popular weekend spot for residents of metropolitan Philadelphia. Trump referred frequently to Pennsylvania during the rally.

He alluded to policies including a tax cut and fresh tariffs should he return to office.

Recounting a conversation with an unnamed automotive executive who had built factories in Mexico, Trump said he had pledged a 200% tariff on some imported cars. It was not clear what countries would be affected by the tariff or if his recounting of the conversation amounted to a formal policy proposal.

The Biden White House is itself poised to dramatically raise tariffs on Chinese electric vehicles in the coming days.

"I said, 'I will put a 200% tax on every car that comes in,'" Trump told the crowd.

Trump also said he would halt offshore wind projects in New Jersey and pledged to implement a new tax cut, without offering details.

Trump has come out in favor of extending a major tax cut that he signed to law in 2017, and Reuters reported in April that Trump was mulling an additional tax cut geared toward the middle class.

"Instead of a Biden tax hike, I'll give you a Trump middle-class, upper-class, lower-class, business-class big tax cut," he said.

Warming up the crowd was North Dakota Governor Doug Burgum, a one-time rival in the Republican primary race. The governor has since become a top contender to be Trump's vice-presidential candidate, according to multiple people who have talked to the former president. Trump appeared to allude to Burgum taking a major administration role in his speech.

"Get ready for something, OK?" Trump said, while discussing Burgum. "Just get ready."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Fed Keeps Interest Rates Steady, Announces Slower-Than-Expected Pace Of Balance Sheet Runoff (UPDATED)
Fed Keeps Interest Rates Steady, Announces Slower-Than-Expected Pace Of Balance Sheet Runoff (UPDATED)
May 1, 2024
Editor’s note: This story has been updated with additional details. The Federal Reserve opted to keep the federal funds rate unchanged at 5.25% to 5.5% Wednesday, as widely expected, reinforcing its commitment to steering the economy toward sustainable growth and controlling inflation. Regarding the latest inflation dynamics, the Fed stated that In recent months, there has been a lack of...
Fed Keeps Interest Rates Steady, Announces Slower-Than-Expected Pace Of Balance Sheet Runoff
Fed Keeps Interest Rates Steady, Announces Slower-Than-Expected Pace Of Balance Sheet Runoff
May 1, 2024
The Federal Reserve opted to keep the federal funds rate unchanged at 5.25% to 5.5% Wednesday, as widely expected, reinforcing its commitment to steering the economy toward sustainable growth and controlling inflation. Regarding the latest inflation dynamics, the Fed stated that In recent months, there has been a lack of further progress toward the Committee's 2 percent inflation objective. Furthermore,...
Instant view: FOMC holds rates in place and will slow balance sheet drawdown
Instant view: FOMC holds rates in place and will slow balance sheet drawdown
May 1, 2024
(Reuters) - The Federal Reserve on Wednesday said it would leave interest rates unchanged and announced plans to slow the speed of its balance sheet drawdown, after having spent much of the earlier part of the year warning of this shift. The Fed said that starting on June 1 it was reducing the cap on Treasury securities it allows to...
Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled
Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled
May 1, 2024
As expected, the Federal Open Market Committee of the U.S. Federal Reserve on Wednesday left its benchmark fed funds rate range unchanged at 5.25-5.50%. Also pretty much as expected, the FOMC acknowledged that progress on lower inflation has stalled this year and said it wouldn't be appropriate to trim rates until it has greater confidence inflation is moving sustainably towards...
Copyright 2023-2026 - www.financetom.com All Rights Reserved