Shapiro: Trump Has Imposed “Massive Tax Increase”

“It turns out that the supply chains all across the planet are incredibly complex. And if you like the products that you have at the quality that you have them and at the price that you have them, you’re not gonna get to keep them. Trump’s reciprocal tariffs impose hundreds of billions of dollars in new taxes on Americans without public or congressional input.

“I have friends, for example, who import products to the United States and then sell them. Because they can’t get the product in The United States. So for example, I have a friend who’s in the jewelry business. And this friend in the jewelry business imports products that are not capable of being manufactured or found in the United States from abroad. So it’s not like there’s import substitution. You can’t just buy from an American. That’s not how it works.

“Those prices will get passed directly onto the consumers. It is a tax paid for by Americans. So this is a massive tax increase on American consumers. That’s what it is. And it is designed to be so. You know what we call revenue to the government typically, paid for by Americans — because that’s who pays for it? That is what we would call a tax increase.” – Ben Shapiro, on today’s podcast.