You could tell former Obama economic adviser Robert Wolf’s points were landing just by looking at the expression on Stephen Moore’s face. Every once in a while, a little honesty is allowed to break through on Fox, and this Friday, Wolf managed to do just that during a discussion on the market’s reaction to Trump’s tariffs on The Story with Martha MacCallum.
Moore started things off by saying he wished Trump would back off of the tariffs on Europe and Canada and focus on China instead, and after MacCallum tried to paint Trump as some great negotiator with this madness in response, Wolf was asked to weigh in.
WOLF: Well, my thoughts is this big beautiful economy that actually was rolling pretty good with jobs and inflation coming down feels more like the Game of Thrones red wedding.
I mean, it is not going well. This is being executed poorly. His economic advisors are being intellectually dishonest.
Trade, trade wars are bad, tariffs are a tax. Consumer prices are not going down. We’re 70 percent consumer driven country, so building a moat around the United States with protectionists and isolationist economic policies are not positive.
