Henninger: People Cannot Get It Through Their Minds that Trump ‘Sees Tariffs as a Source of Revenue’

RUSH TRANSCRIPT:
GIGOT: “Owes President Trump on Thursday send trade talks are going very well as the White House works to negotiate deals with dozens of countries after pausing the worst of it sweeping reciprocal tariffs for 90 days. The president of the Japanese trade delegation on Wednesday. Italian prime minister on Thursday. Even as tensions with China continue to escalate. Chinese President Xi Jinping embarked on a tour of Southeast Asia this week as he looks to strengthen trade ties with vietnam, malaysia and cambodia promising to stand with those countries in the face of what he called shocks to the global order. We are back with our panel. Dan, wasn’t where it is a trade war stand on China side focus on these other negotiating deals. Is this a retreat by Trump and exit out of some of the tariff impact on the economy?”

HENNINGER: “I do not think so, Paul. I really do not. There’ve been no details of any significance to emerge on any of these negotiations. Which is interesting. I think it Trump himself, when he announced the tariffs originally in the Rose Garden, he went through this long history of terrorist. Citing the amount of revenue that was produced in 1885 and so forth. The mckinley tariff has taken off in 1913 as one of the biggest minutes mistakes in the history of the United States. People cannot somehow in the and markets get it through their minds Donald Trump sees tariffs as a source of revenue. An endless source of revenue. Most people say it but look what is happening at the markets. I know he can be affected by an implosion in the markets. I don’t Scott miss that some of the others are trying to moderate them and not point. But Paul, I do not think he is only pushed off that belief that there has to be a terrorist to produce revenue for the United States. I grant you it’s a contradiction inside the idea of negotiating with these countries. But it is telling to me that we are not seeing any details about the negotiations. Because I think Trump is standing firm on the idea that tariffs should be producing revenue.”