Shapiro: “Tariffs Are A Tax On American Consumers”

“This is where President Trump does have to walk very carefully. Inflation killed Joe Biden’s presidency. If you wish to see President Trump be successful, he needs a booming economy. He cannot have a recessionary economy.

“If tariffs continue to drive up prices and if wages do not increase sufficient to meet those prices, you’re going to be in exactly the same predicament in which Joe Biden found himself.

“I still am unclear as to what the actual demand is against Mexico or Canada that would get rid of the tariffs. If the idea of the tariffs is that they are inherently a good for the United States, that is not true. The tariffs are in fact a tax on American consumers. They drive up the prices.

“Now, again, there may be industries, like, for example, semiconductors, where you need them produced domestically for national security reasons. It simply can’t be produced in China or in any place that is subject to Chinese production. I get that, and I’m all for it.

“Canada, by the way, is the number one trade partner with the United States. Here was President Trump yesterday saying there’s no room left for negotiate — I wasn’t even aware there were negotiations going on.” – Ben Shapiro, on today’s podcast.