Fox Business host Larry Kudlow said Wednesday reciprocal tariffs announced by President Donald Trump could put America on a “path to economic prosperity.”
Fox Business host Larry Kudlow said Wednesday that the reciprocal tariffs announced by President Donald Trump could put America on a “path to economic prosperity.”
Trump, during a Rose Garden event on Wednesday, announced reciprocal tariffs to address import duties and “horrendous imbalances” in trade. Kudlow said that the “fair-minded and common-sense” approach could also lead to additional “tax cuts.”
“Trump’s tariffs could be the path to economic prosperity and might be used for more tax cuts. That’s the subject of the riff,” Kudlow said. “President Trump gave a vigorous defense of his reciprocal trade policy, saying basically that America will no longer tolerate all of the tariffs and non-tariff barriers constructed by China, the EU and many other countries that have prevented American manufacturers to export their goods to those countries.”
“So, he is raising the price of foreign imports to the U.S. by imposing these reciprocal tariff charges on the biggest offenders, along with the 10% baseline tariff on everybody,” Kudlow said.
