Trump Tariff Policy Does Not Match The Rhetoric
So, here we are, D Day + 2. Well, Liberation Day +2 to a couple days after the announcement of the tariffs and the markets have gone exactly as one would expect: Out of their mind. Once again, markets are not the only indicator of whether or not an economy is doing well. As a matter of fact, we saw the markets go up under Joe Biden, but you can’t tell me it was a good economy. And we saw good jobs numbers come out today, but that doesn’t mean that that’s representative of where we’re at. Maybe it’s more of a lagging indicator but stick with the tariffs. What is the response? What is the reaction? What prices are actually going to go up? And will anything go up? Because this was just an announcement. They still haven’t been implemented and there’s time for everybody to make a deal. E.J. Antoni joins me right now from the Heritage Foundation. Research Fellow in the Heritage Foundation’s Grover M Herman Center for the Federal Budget. His latest piece over at Fox News, where he was writing for Unleashed Prosperity as a senior fellow there discussing these tariffs and the importance of setting a level playing field. Let’s start with what you saw. You wrote this article right before the tariffs came out. The tariffs come out. You’re an economist. What do you say?
Well, Tony, I’d say I’d have to write a different article today after what we saw this week. You know, we were promised reciprocity. We were promised that what we were going to do was level tariffs on other nations that have tariffs on us. But unfortunately, that’s not quite what we got. And, and I think that’s part of the reason why markets are in such turmoil.
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