Steve Forbes: Trump’s Tariffs Were ‘Compatible’ Because of the Huge Tax Cuts

RUSH TRANSCRIPT KUDLOW We ░░░░░░░░ going to hear from ░░░░░░░░ Riggs right here on ░░░░░░░░ fox business my great ░░░░░░░░ Steve Forbes editor in ░░░░░░░░ and breitbart John Carney ░░░░░░░░ coed tore of the ░░░░░░░░ breitbart business digest daily ░░░░░░░░ must read All right ░░░░░░░░ Steve Forbes I m ░░░░░░░░ to start with you ░░░░░░░░ I know you hate ░░░░░░░░ let s start the ░░░░░░░░ of tariffs being the ░░░░░░░░ guy Now I think ░░░░░░░░ could be dead wrong ░░░░░░░░ I think Mr Truch ░░░░░░░░ dive in shock in ░░░░░░░░ meaning 10 universal tariff ░░░░░░░░ he call it is ░░░░░░░░ around collar 10 I ░░░░░░░░ going to leave out ░░░░░░░░ that s the border ░░░░░░░░ we may wait on ░░░░░░░░ or may not I ░░░░░░░░ saying basic thrust here ░░░░░░░░ be 10 not 1 ░░░░░░░░ 2 a month or ░░░░░░░░ a month one one ░░░░░░░░ one 10 and go ░░░░░░░░ China with a larger ░░░░░░░░ but here s the ░░░░░░░░ I m attack this ░░░░░░░░ you want to for ░░░░░░░░ s sakes but I ░░░░░░░░ it is actually okay ░░░░░░░░ if I m on ░░░░░░░░ fair practices but exporters ░░░░░░░░ pay half of the ░░░░░░░░ or more in order ░░░░░░░░ sell their goods here ░░░░░░░░ as much as 500 ░░░░░░░░ dollars in revenues per ░░░░░░░░ is possible And that ░░░░░░░░ go to tax cuts ░░░░░░░░ businesses large and small ░░░░░░░░ individual families So you ░░░░░░░░ what I think it ░░░░░░░░ a net plus that ░░░░░░░░ my view and I ░░░░░░░░ that s what Mr ░░░░░░░░ is going to say ░░░░░░░░ says Steve Forbes Forbes ░░░░░░░░ this is why I ░░░░░░░░ here and he s ░░░░░░░░ the White House I ░░░░░░░░ Laughter But tariff is ░░░░░░░░ word for tax Economic ░░░░░░░░ can decide when you ░░░░░░░░ products and services so ░░░░░░░░ that 10 wedge in ░░░░░░░░ you know what made ░░░░░░░░ other tariffs compatible was ░░░░░░░░ had a big huge ░░░░░░░░ tax cut in 2017 ░░░░░░░░ t until 2018 that ░░░░░░░░ started to do his ░░░░░░░░ things So had an ░░░░░░░░ to if I doing ░░░░░░░░ scenario I would wait ░░░░░░░░ get that big fat ░░░░░░░░ bill through So people ░░░░░░░░ right at the beginning ░░░░░░░░ re getting something positive ░░░░░░░░ by the fourth July ░░░░░░░░ paycheckings are going up ░░░░░░░░ withholding going down and ░░░░░░░░ damage from the tariffs ░░░░░░░░ be consumed by the ░░░░░░░░ big beautiful tax cut ░░░░░░░░ think the timing going ░░░░░░░░ be critical give something ░░░░░░░░ up front In the ░░░░░░░░ meantime because there s ░░░░░░░░ on this subject that ░░░░░░░░ want some changes just ░░░░░░░░ we did with the ░░░░░░░░ agreement with Mexico and ░░░░░░░░ I think go for ░░░░░░░░ tax cut first and ░░░░░░░░ other stuff —“