Donald Trump in Forbes Magazine


On Drugs: Melania's "Be Best": focus on well-being & opioid abuse

Melania Trump revealed a new platform for tackling multiple issues relevant to American children. "I am very excited to announce Be Best, an awareness campaign dedicated to the most valuable and fragile among us--our children," Trump said. "There is one goal to Be Best--and that is to educate children about the many issues they are facing today."

Trump said Be Best would have three main areas of focus: well-being, social media use and opioid abuse. "Let us teach our children the difference between right and wrong, and encourage them to Be Best in their individual paths in life," Trump said.

Saying she first learned about "the real consequences of our nation's opioid epidemic" during her husband's White House bid, Trump told the crowd she intends to "work with those who are fighting drug addiction."

President Trump was on-hand for the initiative's launch. As his wife looked on, Trump signed a "Be Best" proclamation, declaring Monday as "Be Best Day."

Source: Forbes Magazine on 2018 Trump Administration May 7, 2018

On Education: Cut the Department of Education way, way down

Source: Forbes Magazine "2016 Candidates Want You to Know" series Jun 16, 2015

On Education: Founded Trump University to teach the art of deal-making

Back in 2005, he started an online school called Trump University to teach the art of deal-making, but it didn't offer degrees. The New York Department of Education complained and he changed the name to Trump Entrepreneur Initiative in 2010.
Source: Forbes Magazine "2016 Candidates Want You to Know" series Jun 16, 2015

On Principles & Values: Attended military academy & Wharton Business School

Trump grew up in Queens, New York, where his father had created a real estate business from scratch. His father sent him off to the New York Military Academy where he was a captain of the cadets and captain of the baseball team. "I learned a lot about discipline & about channeling my aggression into achievement," he wrote in his 1987 book, "The Art of the Deal." "I was a good-enough student at the academy, thought I can't say I worked very hard. I was lucky that it came relatively easy to me, because I was never all that interested in schoolwork."

He said he "flirted briefly" with attending film school at the University of Southern California but decided that real estate was his calling. He spent two years at Fordham University in the Bronx before transferring to the University of Pennsylvania's Wharton School and graduating in 1968. "Perhaps the most important thing I learned at Wharton was not to be overly impressed by academic credentials," he wrote in "The Art of the Deal."

Source: Forbes Magazine "2016 Candidates Want You to Know" series Jun 16, 2015

On Free Trade: FactCheck: 60% tariffs would cause 5% inflation

Trump doubled down on his plan to raise tariffs on imported goods over the weekend after Kamala Harris slammed the plan as a "Trump tax" that would raise prices--echoing the views of many economists, who believe Trump's plan would burden everyday consumers even as the ex-president has claimed otherwise.

While he has not yet committed to a single policy, the ex-president has typically proposed raising tariffs by 10%, or by 60% on goods imported from China, up from approximately 1% and 11% now, respectively.

Goldman Sachs economists projected prices on consumer goods would go up by 0.1% for every percentage increase in the effective tariff rate and raise inflation rates for one year, noting that in addition to the price of imported goods going up, it's also likely the price of domestic goods would increase, because U.S. manufacturers would "opportunistically" raise their prices to take advantage of having less competition in the marketplace.

Source: Forbes Magazine on 2024 Presidential hopefuls Aug 19, 2024

On Jobs: FactCheck: Tariffs would result in reduction of 675,000 jobs

Trump has proposed raising tariffs--or taxes on imported goods that the businesses importing them pay the US government--if he's reelected, doubling down on his yearslong focus on tariffs, which he said in a speech Saturday would punish other countries that are "ripping us off and stealing our jobs."

Economists broadly believe Trump's proposed tariff plan would hurt the U.S. economy, with an analysis by the nonpartisan think tank Peterson Institute for International Economics (PIIE) concluding the proposal would "[inflict] significant collateral damage on the US economy," citing a range of factors including decreased consumer spending, increasing unemployment rates and worse economic growth.

Moody's projected Trump's tariff plan would result in a reduction of 675,000 U.S. jobs and increase the unemployment rate by 0.4%, with Moody's chief economist telling CNN, "If Trump increases tariffs as he has proposed, the economy would likely suffer a recession soon thereafter."

Source: Forbes Magazine on 2024 Presidential hopefuls Aug 19, 2024

The above quotations are from Forbes biweekly business magazine.
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Page last updated: Sep 29, 2024