Justin Wolfers: ‘Tariffs Are a Tax on Americans and a Solution in Search of a Problem’

RUSH EXCERPT:

WOLFERS: “And I think a or you’re actually wrought by in, I think what actually sort of worse than that is that the presence of made it reaction was to issue. I think it’s called section one: 20 two, a 10 percent global across the board tar, so that makes it sound to folks at home, like oh, the Supreme Court took it away, but he was able to do it another way, not. Section one 20 two says you can issue a tariff of up to 15 percent, but it can only last four hundred and fifty days, so the president might be able to brag at night, but is reinstated, is paraphrasing, but he hasn’t. What’s more important is to understand these terrorists are a solution in search of a problem think about this white. Why is it we have tires? Well, if it’s to give the president leverage for these international deals, which has become his recent story? Imagine calling up their prime minister of Canada and saying: well, you better do what we want. Willis issue us Mark Carney can count to one hundred and fifty Mark Carney. She gonna say: I might just wait till the hundred and fifty days are over and then you’ll get rid of them. So there’s absolutely no leverage you get out of this okay said in their up. There president says no: this is all about ensuring manufacturing, okay, so the idea of on during manufacturing should make a more profitable do business in America, but this time to be just imposed in a fit of pique last four hundred and fifty days. So that means it’ll be more. Profit will do business in America next hundred and fifty days, but I wanted poured concrete on my factory till date hundred and fifty one. Therefore, no jobs are coming home as a result of this terrible."