There are instances where we can use tariffs in a smart way to correct an unfair trade imbalance, to address unfair trading partners for a specific country or a specific industry. But this is not that. Let's be really clear about what's happening. We have never seen broad based, across the board tariffs to our adversaries, to our allies, to our partners. There doesn't appear to be really much thought given to this and it's going to be devastating for our economy. And we're seeing the impact on our 401ks and we're already seeing prices starting to go up. (00:37–00:45)
CLAIM
Asserts that broad-based tariffs have not been previously applied to both adversaries and allies.
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