On a Fox straight "news" show, Matt Schlapp says Fox anchor Chris Wallace "is wrong" that U.S. consumers will pay the cost of Trump's tariffs
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From the May 13 edition of Fox News' The Daily Briefing with Dana Perino:
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DANA PERINO (ANCHOR): Michael, you heard today the president really appealing to Americans' sense of patriotism and patience when it comes to this fight. Does that put the Democrats a little bit in a box?
MICHAEL MEEHAN (SQUARED COMMUNICATIONS PRESIDENT): Well, asking for patriotism and paying 25% more on goods because of some strategy that most people can't follow doesn't make any sense to me at all. But those farmers are right. They have such a small margin that if you want to mess with their livelihood, this is not the way to do it. I am all for them fighting and making sure that the intellectual property and the things that we make here in America aren't stolen by the Chinese. No one -- that's -- you can find patriotism there, but putting this on the backs of people who have to pay more for consumer goods doesn't make any sense to me.
MATT SCHLAPP (CPAC CHAIRMAN): Dana if I could just jump in quickly there, that is incorrect. You're right, Michael, that some costs might go higher but this question of how you shift a tax or a tariff, where it can go, it depends on the market. It depends on the product. There are some ways in which American consumers can go buy these products from other countries. There's other ways in which the Chinese government, which subsidizes all these products anyway, let's face it, they might have to eat this tax because they can't sell as many goods. It is wrong to say -- as Chris Wallace said, it is wrong to say that the 100% of this tax is shifted to American consumers and companies. That's simply just not economically true.
PERINO: Well there's -- certainly there are global economics at play, indeed.