WaPo’s David Lynch: ‘It’s Very Simple ... Tariff Is Simply Another Word for Tax’

RUSH EXCERPT:

LYNCH: "In the long term, it would make the economy less efficient. It would raise costs. It would basically be like throwing sand in the gears of the economic engine that we operate now. It would make the total size of our economy, our total gross domestic product, smaller than it otherwise might be. Now, I should say this is the conventional or main-stream economic view of the impact of tariffs. President-Elect Trump has a different view. Always has had. He believes, or professes to believe, that the tariffs are paid exclusively by foreign countries. That’s not the case.”