Victor Davis Hanson: Trump Needs to Remind Americans of Biden’s Disastrous COVID Spending Spree

Although inflation is at historically low levels, the cost of living for Americans remains high, with recent polls showing that the economy remains their biggest concern.

On Tuesday’s episode of "Victor Davis Hanson: In His Own Words," Victor Davis Hanson and Jack Fowler explore what Trump must do to reassure Americans about prices and what to expect from tariffs in the near future.

“President Donald Trump] needs to say the following: ‘I left in 2020 with a 1.7 inflation rate. [Former President] Joe Biden borrowed $7 trillion. Economists like Larry Summers said, ‘Don’t do this. Do not borrow money and put it into people who are coming out of the lockdown with pent-up consumer demand, when the supply chains are still endangered, and there’s not enough goods and services to supply the demand that has not expressed itself for two years but now will be flushed with entitlement cash.’ And he did it anyway.”

Hanson also highlighted that although President Trump imposed 'very high punitive tariffs,' this move will bring many countries to the negotiating table. Afterwards, the president will reverse those "punitive tariffs" into reciprocal tariffs.

"So, I think you're going to see a lot more reciprocal tariffs rather than punitive tariffs. And that's going to help too. So, but you're right, that does temporarily drive up prices, although Forbes and The Wall Street Journal said they didn't think that it's resulted with more than a 1% increase that can be attributable to the tariffs so far. But when they come down, it'll be good."

https://youtu.be/Ce0Hck4bX5M