Doug Burgum argues Trump’s tariffs are ‘an economic developer’s dream’

Several Democratic lawmakers have criticized the president for his levies against Canada, Mexico, and China, suggesting that they will just raise the cost of living for U. S. people. In his first meeting since taking over as interior minister, Bulgum found these claims to be perplexing, noting that many of these Democrats even supported the Inflation Reduction Act in 2022, which he joked should have been called” the Inflation Creation Act” because it had caused inflation to rise “in 40 years” in his first meeting.

” It’s the spending that drives inflation”, Burgum explained on Fox News’s Fox &amp, Friends. ” This is an economical developer’s dream. If you said,” Wow, we are going to tax foreign goods and we’re going to include no taxes at home,” you as a condition would have lowered their energy costs and restored their production. There’s always been a better time than right now to try to attract foreign investment in this nation.

The secretary’s first steps, which include issuing clerical orders related to presidential executive orders, will be the same as what Trump wants to see appoint. The Interior Department’s 25 % of public land ‘ oil and gas production, according to the secretary,” creates income for the United States” when done right.

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The interior secretary added that Trump’s tariffs are not intended to start a trade war with Canada, Mexico, or China, noting that the main goal is to stop the illegal flow of fentanyl into the United States. He added that Trump has” thoughtfully” considered the potential impact of these tariffs on U.S. residents, as Canadian energy resources will be subject to a 10 % tariff in contrast to the 25 % that Canadian goods have been given.

Sen. Lindsey Graham (R-SC ) and Vice President JD Vance have also asserted that these tariffs are intended to affect fentanyl, with the vice president stating that the United States is “done being taken advantage of.” However, Graham has predicted that these levies will “go away” if Mexico and China” prevent poisoning Americans” by preventing improper fentanyl from entering the U. S.