UPDATE 1-Trump says tax cuts could offset 10% tariffs, eyes entitlements

Donald Trump laid out some of his financial priorities on Monday and defended his planned 10% across-the-board tariffs, saying any resulting price increase for families could be offset by tax cuts and calling for his 2017 tax cuts to be extended. Asked about Medicare, Social Security and Medicare programs and the nation's spending and deficits, Trump told CNBC: "There is a lot you can do in terms of entitlements in terms of cutting and in terms of also the theft and the bad management."