This is very bad.
Lawrence Kudlow, Arthur Laffer and Stephen Moore, formerly among Donald Trump's top economic advisors, and consequently his most assiduous defenders, have been hung out to dry as the president announced the most consequential economic policy of his tenure: the imposition of tariffs on imported steel and aluminum, reports The Los Angeles Times.
Moore and Kudlow took to Fox Business Network on Friday, the day after Trump's tariff announcement, to complain that they were left on the outside looking in when Trump made his decision and said they couldn't get in the door at the White House.
"We'd like to try to get in to see him and try to talk him out of this or at least ramp it down," said Moore. "Whether it's going to happen or not is unclear. Whether he's already totally bogged down, I'm not sure."
Kudlow made the same point. "I'm quite certain the steel deal is done," Kudlow lamented to Fox Business. Asked if he thought he and his colleagues would have a chance to jawbone Trump in person before the tariffs were made official, Fox reported, "Kudlow simply replied, 'no.'"
Trump seems to be going all out protectionist. It would really shrink the economy.
-Robert Wenzel
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