‘Trump Will Not Relent’: Economist Steve Moore Warns Countries Making ‘Huge Mistake’ By Fighting President On Tariffs

Economist Steve Moore warned other nations on Tuesday that challenging President Donald Trump on tariffs would significantly backfire on their economies.

In response to Ontario, Canada imposing a 25% tariff on electricity entering America, Trump announced on Truth Social Tuesday that he instructed the Commerce Department secretary to double the previously announced 25%  tariff on Canadian steel and aluminum, asserting it would take effect Wednesday. Moore, on “The Faulkner Focus,” said that if Canada, Mexico, China and other nations continue to retaliate against Trump’s tariffs, it would only damage their own economies, arguing these nations will ultimately yield to the president.

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“I’m not the hugest fan of these tariffs but I’ll tell you, I think that these other countries, Harris, like Mexico and China and Canada, are making a big mistake — a huge mistake — in thinking that they can win a kind of tit for tat game on this,” Moore told host Harris Faulkner. “Because Trump will not relent here and all they’re doing is ruining their own economy … All of these countries have higher tariffs than we do. So all Trump is talking about, Harris, is leveling the playing field so we have a fair playing field for American products.”

Trump has also said that Canada imposes a 250% to 390% tariff on numerous American dairy products. He added that if Canada does not agree to his terms, he will implement more tariffs on cars April 2.