Carney on Kudlow: Trump’s Trade Philosophy
‘If You Are Fair with Us, We Will Be Fair to You’
BRIETBART
Breitbart economics editor John Carney said Thursday on Fox Business Network’s “Kudlow” that former President Donald Trump’s trade philosophy was about “reciprocity.
Host Larry Kudlow said, “You wrote this great piece, March 28 a couple days ago, we talked about it on the radio, “Tariff-mageddon Is Back.” You have all these mostly people on left although some on right, that you could have cited but you did not that tariffs are the end of the world. They cause consumer decline and they destroy the economy.
So, Mr. Trump, using tariffs as a important negotiating tool against China. I’m a free trader but I completely supported China tariff effort because we have work to do with their unfair practices. They were stealing intellectual property and forcing technology transfers. The end of economic world did not come, it did not come.”
He added, “Inflation was tiny, rock bottom let start there.”
Carney said, “Right, they said, right from the beginning, this is going to cause inflation. It will driving up the price of cars, it will drive up the prices of televisions. That did not happen.
We had almost no inflation throughout Trump years…
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Header featured image (edited) credit: Donald Trump/Photographer: Anna Moneymaker/Getty Images
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