President Trump on Sunday claimed his administration’s steep tariffs on other nations are “working big time,” despite little evidence to back that claim up.
The president fired off a pair of tweets vowing to tax any country that doesn’t agree to “make or build” its products in the United States.
“In either event, it means jobs and great wealth,” Trump tweeted.
He argued that tariffs will allow his administration to pay down the rapidly rising debt, while also cutting taxes. However, there’s been little indication thus far that the tariffs will provide such a surplus in funding, and the national debt has continued to rise under the Trump administration.
“At minimum, we will make much better Trade Deals for our country!” Trump tweeted.
Tariffs are working big time. Every country on earth wants to take wealth out of the U.S., always to our detriment. I say, as they come,Tax them. If they don’t want to be taxed, let them make or build the product in the U.S. In either event, it means jobs and great wealth…..
— Donald J. Trump (@realDonaldTrump) August 5, 2018
..Because of Tariffs we will be able to start paying down large amounts of the $21 Trillion in debt that has been accumulated, much by the Obama Administration, while at the same time reducing taxes for our people. At minimum, we will make much better Trade Deals for our country!
— Donald J. Trump (@realDonaldTrump) August 5, 2018
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- Discussion
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Trump claims tariffs are "working big time" despite foreign retaliations and complaints from US companies https://t.co/lkNy6j5zXD pic.twitter.com/0BSg3No9Nh
— The Hill (@thehill) August 5, 2018
Tariffs are taxes on our people. https://t.co/hCnH89kdha
— Jonah Goldberg (@JonahNRO) August 5, 2018
I think he thinks tariffs are taxes on foreigners. https://t.co/IWPsvsefAw
— Tim Carney (@TPCarney) August 4, 2018
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