On Friday’s broadcast of the Fox Business Network’s “Varney & Co.,” former Trump Economic Adviser Stephen Moore stated that by delaying some tariffs and lowering some, “Trump is inadvertently confirming that, if you put a tariff on something, a tariff is a tax” and when you tax something, its price increases.
Moore said, “[T]ariffs are going down, not up. As you guys just reported, lower reductions on coffee, lower reductions on steel, lower reduction on kitchen accessories. All of these things, I think, are very bullish for the U.S. economy, and so, I’m a happy guy right now.”
He added, “Trump is inadvertently confirming that, if you put a…
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