Valuetainment “Howard Lutnick Is The Problem” – Eric Bolling BLASTS Trump’s Tariff Plan As Anti-Free Market
Apr 16, 2025
Eric Bolling, a former Wall Street trader and television personality, shares his path from finance to TV while critiquing Trump's tariffs as detrimental to the free market. He questions the benefits of these tariffs for American workers and highlights the controversial legacy of Howard Lutnick, particularly his leadership post-9/11. The discussion delves into the complexities of trade balances with China and how market responses to tariff decisions have led to significant financial turbulence. Bolling advocates for more strategic economic measures rather than simplistic solutions.
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Flawed Tariff Calculation Method
- The tariff approach used a trade imbalance formula rather than reciprocal tariffs based on actual tariff rates.
- This deviation caused confusion and diluted the original intent of reducing global tariffs.
Howard Lutnick's Controversial History
- Howard Lutnick's role in tariff strategy is controversial due to his history with Cantor Fitzgerald after 9/11.
- Eric Bolling shared his negative personal experience with Lutnick from longstanding industry interactions.
Tariffs Raise Consumer Prices
- Raising tariffs will likely increase product prices globally and could hurt the American consumer.
- The demand in the U.S. economy might sustain the higher prices temporarily but long-term effects are uncertain.