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The Mary Trump Podcast

Back-peddling on Tariffs

The Mary Trump Podcast

Mary Trump Media

Politics, News, President, Government, Political Commentary, Mary Trump, Donald Trump, Democrat

4.9844 Ratings

🗓️ 7 January 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

Mary Trump reports on Donald's back-peddling.

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Transcript

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0:00.0

We were just two weeks out from the beginning of the second Trump presidency, and already there's

0:07.3

some backpedaling going on away from some of his campaign promises.

0:13.5

If you'll remember during his campaign, which I think lasted like three years, Donald promised

0:19.2

over and over and over again, sweeping universal tariffs of

0:22.6

between 10 to 20 percent on all imports to the United States, touting it as a corner of his

0:29.7

economic policy, reminding us yet again that he knows absolutely nothing about economic policy.

0:36.2

Unsurprisingly, this promise was met with widespread criticism from economic experts across

0:44.3

the spectrum, who warned that such tariffs would dramatically raise the cost of food and other

0:50.3

essential goods for American consumers.

0:53.3

This, of course, directly contradicts Donald's campaign

0:56.2

pledge to reduce inflation on day one. Remember, day one's going to be very, very busy for the Trump

1:01.9

administration. So this kind of ill-informed and ill-advised policy decision mirrors what happened

1:10.1

during the first Trump administration

1:12.1

when tariffs of up to $360 billion were placed on Chinese goods,

1:18.6

which disrupted global trade and led to economic tensions between the two countries.

1:26.0

According to a report from the Washington Post earlier today, Donald

1:29.8

dates are now rethinking the sweeping approach to tariffs only two weeks before the inauguration.

1:37.5

Instead of universal tariffs, again, which would be disastrous to the American economy and the

1:43.1

American consumer.

1:45.4

Instead of the tariffs, Donald has been championing, they're exploring a more targeted

1:51.3

sector-specific application of tariffs that would focus on industries deemed critical

1:58.1

to national security like defense, so that would be steel and aluminum,

...

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