Trump claimed that Fox News edited a live interview of his economic adviser Larry Kudlow to state that taxes are tariffs.
Here is the exchange that happened during Trump’s interview on CNBC:
Video of Trump’s CNBC interview:
Fox News didn’t edit the interview, because it was live.
Trump is trying to say that Kudlow didn’t admit that tariffs are taxes on US consumers when he that is clearly what he said.
Here was the exchange on Fox News Sunday nearly a month ago:
Wallace said, “It’s not China that pays the tariffs, it’s the American importers, the American companies that pay what in effect is a tax increase, and often times passes it on to US consumers.”
Larry Kudlow answered, “Fair enough. In fact, both sides will pay. Both sides will pay.”
Wallace continued, “If it’s a tariff on goods coming into the country, the Chinese aren’t paying.”
Kudlow said, “No, but the Chinese will suffer GDP losses and so forth with respect to a diminishing export market and goods that they may need.”
Chris Wallace hammered on, “I understand that, but the president says that China pays the tariffs. They may suffer consequences, but it’s US businesses, and US consumers who pay, correct?”
Trump refuses to acknowledge the reality that tariffs are taxes on the American people. In his fantasy world tariffs are taxes that are paid by foreign governments and businesses. The president has no idea how tariffs work, and when he was shown a tiny slice of reality, he flipped out and tried to rewrite the statements of his own economic adviser and attacked his biggest supporter and enabler in the media.
The unstable president is well on his way to crashing the US economy.
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