Although many conservative media figures insist that the stock market’s dive in response to Donald Trump’s tariff policy is actually a positive.
Ben Shapiro, a long -known podcaster for his strict compliance with conservative politics, is none of them.
Shapiro said on Friday, during an episode of his podcast, that Trump’s rates are “probably unconstitutional” and call them “pretty crazy”.
Shapiro is no Never-Trump Republican; He supported the president and even had fundraisers. But the recent massive loss of value in global stock markets has shocked market analysts – and some conservatives – over the president’s actions.
“I’m sorry to say, the president’s vision of international trade,” Shapiro said.
The Podcaster said Trump was from outside the base in his claim that the US is getting the raw end of the trade defect agreement. He said that trade is mutually beneficial and that the position of the Trump administration that “someone is screwed” in every trade deficit “is not true”.
“It’s pretty crazy,” he said. “We punish countries that have a low tariff rate with us.”
Trump announced his tariff policy on April 2, a day he called ‘Liberation Day’. The stock market stepped when Trump delivered his speech.
Shapiro said he checked Trump’s numbers and found that the president was wrong or lying about the tariff rates of US foreign trade partners.
“I looked at this and thought, ‘Holy Crap. The EU asks us 39 percent rates on all products? “He said. “Then I think … it doesn’t sound correct to me. It doesn’t sound right at all. It sounds completely wild. ‘
That’s when Shapiro realized that Trump was getting his numbers of trade deficit between partners, which he noticed “has nothing to do” with rates.
Although it is not uncommon for conservative media figures to face their viewers sharply when they speak against Trump, Shapiro deserves a praise from his audience.
According to The daily animal, One user wrote: “I praise that you are the first right commentator to criticize Trump.”
Shapiro was particularly upset by the way Trump’s deficit treated Madagascar and mentioned the tariff that Trump was absurdly high. He said that even if there was a trade deficit between the nations, “so the hell what?”
“It’s Madagascar,” he said. “Our trading deficit with Madagascar is a few million dollars, is the idea that we have to chisel from the people of Madagascar Extra dollars of American products, or we are screwed by the big and mighty people of Madagascar?
Shapiro argued that both Trump’s Maga movement and a few messages from the Democrats that the economy as a ‘myth’ failed.
The president insisted that the US economy “went to hell” under former President Joe Biden’s administration. The facts say otherwise: The unemployment rate was low at 4.1 percent when Biden handed Trump to Trump, and inflation was on their way down, and sat at about 2.9 percent in mid -January.
According to The Guardian, At the end of Biden’s term, GDP of the country also rose to a 3.1 percent rate, stronger than most of the US’s most important European counterparts at the same time.
“America does not suck and has not sucked a few decades economically,” Shapiro argued.
Trump’s economic plan could benefit the US if it had a manufacturing base similar to China, but Shapiro noted that this wasn’t the case, and even if most Americans probably didn’t want to work in factories.
” Why can’t I have a factory work just like 1955 Ford? “” He joked. “Yes, I’m sure you sounded in a factory that wasn’t a sky all day … it’s your ideal job. No, it’s not. ‘
The podcaster also argued that there was another time in American history when the US had a surplus in its trade balance, but warned that it was not a time that most people would live again.
“I can call you a period in American history where there was a fairly large surplus in America’s trade balance,” he said. ‘The whole big depression.’
