CAL THOMAS COMMENTARY APRIL 4, 2025
IT’S RISKY, BUT SO MANY THINGS IN LIFE ARE RISKY.
PRESIDENT TRUMP HAS ANNOUNCED HIS LONG-AWAITED TARIFFS ON COUNTRY’S THAT CHARGE AMERICA WITH HIGH TARIFFS, MAKING IT HARDER TO SELL AMERICAN PRODUCTS IN THEIR COUNTRY. AT A ROSE GARDEN CEREMONY TUESDAY, THE PRESIDENT IMPOSED WHAT HE CALLED RECIPROCAL TARIFFS ON MANY COUNTRIES. CHINA, FOR EXAMPLE, PUTS A 67 PERCENT TARIFF ON OUR PRODUCTS. THE PRESIDENT IS PUTTING A 34 PERCENT TARIFF ON THEIRS. THAT SEEMS MORE THAN FAIR TO ME.
THE EUROPEN UNION SLAPS A 39 PERCENT TARIFF ON AMERICAN CARS AND OTHER THINGS. TRUMP’S RESPONSE IS A 20 PERCENT TARIFF ON THEIR PRODUCTS SENT INTO THE UNITED STATES.
THE PRESIDENT USED A KARL ROVE TYPE SIGN AND HELD IT UP SO ALL COULD SEE. VERY EFFECTIVE VISUAL, I THOUGHT.
PREDICTABLY, MANY NATIONS ARE CRYING FOUL, BUT ISRAEL HAS ALREADY ELIMINATED ITS TARIFF ON AMERICAN GOODS. I THINK OTHERS WILL FOLLOW AND AT LEAST LOWER THEIRS.
ECONOMISTS PREDICT A DOWNTURN IN THE STOCK MARKET AND HIGHER PRICES FOR MANY THINGS. THEY’VE BEEN WRONG BEFORE, BUT DEMOCRATS AND THE MEDIA WILL USE WHATEVER THEY CAN TO CONVINCE VOTERS THE TRUMP POLICY IS A FAILURE. THEY’VE BEEN WRONG BEFORE, SO LET’S WAIT AND SEE. I’M CAL THOMAS.
