Ben Shapiro: Trump's tariffs are “the single greatest increase in taxes — because tariffs are a tax — in modern American history”
Published
Citation
From the April 7, 2025, edition of The Daily Wire's The Ben Shapiro Show
BEN SHAPIRO (HOST): And so inside the administration, there are a bunch of voices who have now been deployed on behalf of this particular position. The one who is obviously the most pro-tariff is Howard Lutnick, the commerce secretary. Secretary Lutnick, a big fan of tariffs, and he is saying the tariffs are coming. And no matter what you want, no matter what you like, the tariffs are indeed coming. There will be no delay. There will be no postponement. They are coming.
...
SHAPIRO: The tariffs are coming. No negotiation. The tariffs are coming. To which the markets say, Price is Right horn. It turns out the markets do not like that because the tariff regime as it currently stands is the single greatest increase in taxes — because tariffs are a tax — in modern American history, and they are the single greatest increase in trade war since the Smoot-Hawley Tariff Act of 1932. I mean, you're going back almost a hundred years to get to the kind of tariff rates that you're talking about right now. Again, Lutnick keeps saying this. He keeps saying over and over. There's no postponing. We're not postponing it. It's going forward.