Pence trashes Trump’s tax plan, says 10% tariff would ‘increase inflation at the worst possible time’

Former Vice President Mike Pence on Thursday dumped on Donald Trump’s plan to slap a universal 10% tariff on imported goods if he is reelected in 2024, slamming the idea as a “middle-class tax increase.”

An across-the-board tariff like the one Trump has proposed would worsen inflation and “reward adversaries like China,” Pence’s GOP presidential campaign said in an unusually sharp one-page memo.

The memo takes direct aim at Trump, Pence’s former boss and the current front-runner in the Republican presidential primary, while attempting to draw a line between Trump’s current agenda and the one enacted when they...