Mark Warner: Tariffs Led To More Pain During The Depression, Idiots

Senator Mark Warner (D-VA) tells Fox News Sunday that the trauma we see in the stock market over Trump's tariffs is reminiscent of the 1929 market crash that put 25% of the country out of work and destroyed the working class for years.

Warner began by singling out Peter Navarro's ludicrous claim that tariffs are tax cuts.

WARNER: Let's go back to what your previous guest, Mr. Navarro, was talking about.

A hundred billion dollars they're going to collect from auto buyers, 600 billion from the other tariffs.

That is a tax.

That money doesn't come falling out of the sky. That money comes because these products will go up, Americans will pay more.

The idea that they hired this president to bring down costs and you've got the market crashing because they think the tariffs are stupid, selective tariffs, absolutely.

Across the board, we're talking $700 billion tax. The American people get it.

Your own survey pointed that out. And the curious thing about Navarro was, he's even talking about tariffs in the first Trump administration.

He should have looked a little bit more at history. I think it was, I think they were called the Smoot-Hawley tariffs in the 1920s.

That policy led to the Depression.

read more