The latest projections by the admittedly unreliable Congressional Budget Office are that Trump’s tariffs will raise nearly $4 trillion over 10 years.

Giddy Republicans have rushed to the airways boasting about all this flood of tax revenues they are going to bring into the Treasury.

We’re confused. Tariffs are taxes. Since when are the Republicans the party celebrating tax increases?

We supported the idea of tariffs as a bargaining tool to negotiate LOWER tariffs unfairly imposed on American goods and services – ranging from tech services, to manufacturing, to dairy and agricultural products. We didn’t think that one of the objectives was to squeeze more taxes at the cash register from American consumers.

Republicans have boasted of the taxes that Americans will save from the Big Beautiful tax cut. Now they boast of a tariff tax increase of about the same size, via tariffs?

That’s bad news for the economy and even worse news for the conservative brand. So what are they gloating about? At least if this is the plan, they should reduce other tax rates across the board.