management and fox news contributor. jerry carmen are trade was good? i will just add one word. trade wars are not good. everybody uses the word terrorist, but it s a tax. when all is said and done, the tax and the consumer ends up paying for it. you are seeing retaliation out there right now. when you put uncertainty into the system much all the system much all of these could then expect to increase going forward you put uncertainty in the economy and we have an economy hearing around the globe doing pretty darn well right now. eric: so how a 25% import tariff on steel and 10% tariff on aluminum impact the united states as a country in certain industries in particular? very simple, the price goes up on everything. i listen to wilbur ross today saying the tariff is insignificant and i guess the
this is about in the early phase of the administration, executive orders have been signed without being vetted by agencies without getting the sort of input that would normally be sought and received. and so i think a lot of people in government are are feeling entirely shutout of the process and feeling the things are being done in a rash way. and we ve seen that rashness in terms of the confusion. you know, with the immigration crackdown, were green cards affected or not? we saw that with the confusion, that s what a 20% import tariff on every country or just on mexico? again and again, there is all this confusion. orders are being written before they ve been thought through and advice is sought. i that i is what is fueling the robustness of this dissent. i think we have two categories to jeffress a point. we have the dissent category and the defiance category. to paul s point, the dissent cat gore yishgs t category, can you express dissent as lon as you don t engage in defiance.
weigh in more affirmatively about the importance of these trading relationships that have not engaged in a trade war with a neighbor to the south. yes, absolutely. i mean, he certainly would have had a very keen view of what a 20% import tariff might mean, and he certainly has his own business history with mexico. mexico is a big oil producer, so he knows the business world in mexico well, and he knowness the trading relationship well. it wouldn t be fully his brief as secretary of state but if he d been in the room you have to think there might have been some wider discussion before that 20% tariff thing was tossed out, and then as you said, reeled back, in large part because of an outcry from business leaders, and some republicans, who were like whoa! not so fast! let s think about what that would actually mean in terms of the u.s. consumer, who would
it. let s bring in steve moore, founder of the committee to unleash prosperity. i like that, former trump economic advisor, a fox news contributor. in so many ways this is just sort of bookkeeping and semantics. it s not that hard to make them pay for it. but how you account for that, i don t know how meaningful it is. let s dig in. number one, steve, an import tariff, with provisions that the funds go to pay for the wall. how possible do you think that is, how hard is that? it s a possibility. it s not something i would necessarily favor. but you know it s something that trump could potentially do unilaterally without congressional approval. murky laws about what the president can and can t do when it comes to trade tariffs and things of that nature. if trump wants to make mexico pay for the wall then one way to do it melissa would be to have this effective tariff on goods that come in from mexico and
to have jobs, factories, everything s going to be great. today was an on message day after a rocky weekend. everything reinforced his nationalist populist message. he had something for fiscal conservatives with the hiring freeze and then he had this unusual, for a republican, meeting with labor groups. some were local union groups. he met with the ceos. he did tell them he would slash taxes and regulations but he told them if you move your factories to mexico and want to import goods fact, we re going to slap a import tariff on you. who he was asked about nafta the north american free trade agreement, whether it will be renegotiated. he said at the appropriate time for her and he called the press pool back in late today and the meaning of congressional leaders