Trump: ‘I Have Stopped Wars with Tariffs’

RUSH TRANSCRIPT:
With energy and with spending too much. So I think we will – I’m a big believer in tariffs. Tariffs are beautiful. They’re going to make us rich. We’re subsidizing Canada to the tune of over 100 billion a year. We’re subsidizing Mexico to almost $300 billion. We shouldn’t be subsidizing – why are we subsidizing these companies? If we’re going to subsidize them, let them become a state? We’re subsidizing Mexico and we’re subsidizing Canada, and we’re subsidizing many countries all over the world. And all I want to do is I want to have a level, fast, but fair playing field.
>> Your first administration cost Americans some $80 billion and now you have major companies from Walmart, black and decker, auto zone saying that any tariffs are going to force them to drive up prices for their consumers. How do you make sure that these CEOs, that these companies don’t in fact pass on the cost of tariffs to their consumers?
>> They made a great economy for us. They also solve another problem. We are going to have problems having to do with wars and having to do with other things. Tariffs – I have stopped wars with tariffs by saying, you guys want to fight, that’s great. But both of you are going to pay tariffs to the United States at 100%. And they have many purposes, tariffs, if properly used. I don’t say you use them like a madman. I say, properly used. But it didn’t cost this country anything. It made this country money. And we never really got the chance to go all-out, because we had to fight Covid in the last part. And we did it very successfully. And when I handed it over to Biden, the stock market was higher than what it was just previous to Covid coming in. It was actually higher. Tariffs are a – properly used, very powerful tool. Not only economically, but also for getting other things outside of economics.
>> Impose these tariffs or are they a negotiating tactic?
>> With Canada, and in particular,