Stockman on Trump’s Tariff Threat to Mexico: ‘He’s Basically Declared Himself the Trade Dictator’

RUSH EXCERPT:

CAVUTO: "All right. We were telling you about this Mexican rift where the foreign secretary will be meeting at the White House I think in about an hour and a half or so. Something interesting from former Secretary of State Rex Tillerson from a global energy conference just a few minutes ago that we are sending mixed signals to the world and to our friends, talking about bilateral trade talks that diminish if we keep changing our posture. He was also saying that this is confusing investors and he supports trade objectives but may not support the tactical moves of this administration. In other words, our friends with whom we secured a deal, suddenly to rip that up and start something else based on another matter he thinks is probably going to compound the suspicion that others have of us when we go into a deal. The former Reagan budget director David Stockman is equally concerned, joins me now. So the approach is what worries you?
STOCKMAN: "The approach, the message to the world is we have an unhinged man, madman, in the Oval Office. He has gone off the deep end on trade. He has basically declared himself the trade dictator. He’s using these statutes for reasons that were never intended. We have a border control problem, maybe we do, maybe we don’t. You don’t use a tariff on a border control problem. You don’t investigate European auto makers because they are sending BMWs and Porsches to the United States and it’s a national security problem. It’s not a national security problem. He’s totally abusing all of these statutes in order to carry out the worst mercantilist protectionist tariff driven trade policy.”