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Published On: Sun, Jul 22nd, 2018

Trump auto tariffs: Bad economics

On a previous show when I discussed the good, the bad and the ugly about the Donald Trump presidency, I classified as ugly his poorly thought out positions on tariffs. Every free-market economist from Adam Smith to Hayek to Milton Friedman warned about the negative consequences of tariffs.

On today’s show, I look at Trump’s threatened auto tariff that experts say would amount to an estimated $45 billion tax on consumers and wipe out any benefits from a tax cut for low and middle income Americans.

Listen below:

Related: 

 

photo/ donkeyhotey

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Robert De Niro’s unhinged ‘F- Trump’ rant gets standing ovation, Tony Kushner calls Trump Hitler, ‘borderline psychotic narcissist’

Tweet Risk is Real Under Trump

 

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About the Author

- Writer, Co-Founder and Executive Editor of The Global Dispatch. Robert has been covering news in the areas of health, world news and politics for a variety of online news sources. He is also the Editor-in-Chief of the website, Outbreak News Today and hosts the podcast, Outbreak News Interviews on iTunes, Stitcher and Spotify Robert is politically Independent and a born again Christian Follow @bactiman63

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