Former President Donald Trump, in an interview with members of the Economic Club of Chicago on Tuesday, argued that his plans for higher tariffs for foreign manufacturers, combined with other plans including tax cuts, will return the United States to prosperity, despite claims from a bipartisan group that said his proposals would add $7.5 trillion to the U.S. debt.

“To me, the most beautiful word in the dictionary is tariff,” Trump told his interviewer, Bloomberg Editor-in-Chief John Micklethwait. “It’s my favorite word.”

That’s because stiff tariffs on foreign manufacturers wanting to sell goods in the U.S. will boost U.S. manufacturing, Trump said.

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