4.6 • 2.7K Ratings
🗓️ 25 February 2025
⏱️ 12 minutes
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0:00.0 | This is CBS, I'm The World. |
0:06.0 | I'm John Batchelor. |
0:07.0 | I welcome John Bolton writing most recently at the National View about Mr. Trump, President |
0:14.0 | Trump, the Trump administration's worldview. |
0:17.0 | John served as ambassador to the United Nations for the Bush administration and national security |
0:22.1 | advisor for the first Trump term. |
0:24.9 | John, a very good evening to you. |
0:26.1 | We have points to speak to immediately, and I begin with the first point about Trump philosophy, |
0:33.7 | if there is such a thing, a Trump policy, if there is such a thing. |
0:38.3 | The word tariff is the most beautiful word in the world, according to Mr. Trump. |
0:44.3 | How does that speak to foreign policy, John? |
0:47.3 | Because you say it's used repeatedly no matter what the circumstance. |
0:52.3 | Good evening to you. |
0:53.3 | Good evening. Well, Trump has gotten in his head that tariffs are something that will |
1:00.2 | increase the wealth of the United States and improve our economy as a broad general |
1:05.7 | proposition, notwithstanding decades of learning and experience that tariffs do exactly the opposite, |
1:13.6 | that they misallocate resources. |
1:15.5 | They are a hidden tax on American consumers that they end up paying. |
1:20.7 | It's not the foreign country that pays the tariff, which Trump believes, it's actually American consumers. |
1:26.9 | So his delight in using tariffs also springs, |
1:32.3 | I think, from the fact he doesn't need any congressional approval. He thinks he can do it on his own, |
1:36.7 | although that will be challenged in litigation as the tariffs come. But it's his new tax of choice. |
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