WSJ Rips Tariff Lies: “George Orwell, Call Your Office”

From the Wall Street Journal editorial board:

Financial markets have the shakes as President Trump prepares to launch his next big tariff salvo on Wednesday. And nerves are appropriate since Mr. Trump’s chief trade adviser, Peter Navarro, is boasting about what he says will amount to a $6 trillion tax increase from the tariffs.

“Tariffs are going to raise about $600 billion a year, about $6 trillion over a 10-year period,” Mr. Navarro told Fox News on Sunday. This is on top of $100 billion a year from Mr. Trump’s car and truck tariffs. He also tried to claim that “the message is that tariffs are tax cuts.”

George Orwell, call your office. In the real economic world, a tariff is a tax. If you raise $600 billion more a year in revenue for the federal government, you are taking that amount away from individuals and businesses in the private economy.

Read the full article.

The WSJ Ed Board…”George Orwell, call your office. In the real economic world, a tariff is a tax.” The daily bludgeoning of Trump’s policies by the uber progressive WSJ Ed Board …continues. https://t.co/4CYe9shqPF

— Marc Polymeropoulos (@Mpolymer) April 1, 2025