HARD TRUTH: Trump’s Tariffs Aren’t Magic

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tariffs must be magic. Yeah, magical. Well, I’ll explain how. Well, first the president put out a tweet, put out a tweet because people don’t like the tariffs. People that are against tariffs are fools with capital letters. We are now the richest, most respected country in the world.

with almost no inflation and a record stock market price. 401K is our highest ever. We’re taking in trillions of dollars and will soon begin paying down our enormous debt. 37 trillion, record investment. The USA plants and factories are going up all over the place. A dividend of at least $2,000 a person, not including high-income people, will be paid to everyone.

So, okay, trillions of dollars in no, that’s just not true. Okay, it’s not true, okay. People out there, look it up, okay. look at it, trillions of dollars in tariffs are not coming in. Now, how are you going to pay down the debt when we’re still running a deficit?

We’re still going backwards. We haven’t balanced any budget. We’re still going in reverse. The debt is now 38 trillion. It’s not 37 trillion. How are you gonna start paying that down if all of this magical tariff money that’s coming in is now going to be paid out to citizens? Now, I don’t know if you’ve noticed this. Presidents do this crap all the time when the

How shall I put it? When the shit hits the fan. George, George W. Bush did this. was on. Remember, that was the check said he had on his way out the door. He was on his way out. Pelosi pushed him on this. I called it the Incumbent Protection Act of 2008. I was making fun of it at that point in time. Wrote a column about it back in the day.

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So yeah, Bush did that. had checks sent out during COVID.

make people feel happy happy joy joy all of a sudden. Anyway, his tariffs are not working. They’re hugely unpopular. He talks about the fact that the Supreme Court just might happen to rule them illegal. Who knows? Who knows? But from watching the

Watching some of the debate and the hearing in of itself. It didn’t look good at that point in time. So here we got $2,000 in a tariff. Want to call it a Hail Mary Pass? You can. You can call it that.

The contradiction here is extraordinary. It really is. It’s the fact that you’re going to pay you’re going to pay down the debt with the tariff money and you’re also going to pay checks to people. The budget deficit is one point eight trillion dollars. That’s with tariff revenue. OK, how is this going to happen?

And why can’t I get a single person to, Mr. President, the federal deficit is $1.8 trillion with the tariff revenue factored in. How do you plan on paying down the national debt when we’re running a deficit? Again, it’s stuff that hurts my head. It really does.

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We talked about this, journal wrote about this today. The claim of a revenue benefit from tariffs is in contradiction to what his attorney, Solicitor General John Sauer, told the Supreme Court this past Wednesday in arguing that tariffs aren’t really taxes and are mainly a tool of foreign policy. Sauer said, and I quote, these tariffs

these policies, it is clear that these policies are most effective if nobody ever pays the tariff. If it never raises a dime of revenue, these are the most effective use of these of this particular policy. He later added that so they’re clearly regulatory tariffs, not taxes. They are not, they are not an exercise of the power to tax.

So if tariffs are most effective if no one ever pays them, then how in God, here’s again the magic of this magic, magic. How are they gonna raise revenue so Trump can pay those rebates?

from the get-go again, okay? hopefully it’s starting, people are starting to see the forest for the trees. They’re starting to see the matrix, okay? Again, tariffs are taxes. They are. Trump’s lawyer did not want to admit this at the Supreme Court because, again, that’s a power of Congress.

and the president would be usurping that. I don’t know tell you, people. I really don’t. I don’t know what’s going to happen with the Supreme Court. I don’t know how he’s going to pull this off. All of a sudden, you’re going to just start cutting checks to people. But again, that would be easier to get past. Who’s going to vote against free money? Besides Rand Paul and Thomas Massie, maybe a couple others.

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that will vote against just sending out cash to the American people.

It’s reality, people. It is. is. Trump thinks that tariffs are magic. I don’t believe in it. Watchdogonwallstreet.com.