Sen. Markwayne Mullin openly acknowledged on CNN that the tariffs imposed by President Trump function as a tax that consumers ultimately pay. Despite this admission, Mullin supports the tariffs, considering them crucial for promoting domestic production. He noted that the inconsistent application of these tariffs has created confusion among businesses and investors, highlighting the need for market certainty. Additionally, he emphasized that while tariffs are taxing for consumers, they advocate for the principle of open markets and the idea of reciprocal tariffs with trading partners.
Sen. Markwayne Mullin admitted on CNN that President Trump's tariffs act as a tax on consumers, which he supports for its long-term domestic production benefits.
Mullin discussed the confusion tariffs create for businesses and investors, emphasizing the need for certainty in markets amidst the inconsistent nature of Trump's trade policies.
He noted that while tariffs are indeed a tax passed on to consumers, they also facilitate open markets and discussions of reciprocal tariffs with other countries.
Mullin countered White House Press Secretary Karoline Leavitt's claim that tariffs were a tax cut, asserting that everyone's aware tariffs are a tax burden.
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