Stephen Moore Critiques Trump’s Tariff Strategy Amid Economic Concerns
In a surprising turn of events, Stephen Moore, a former economic adviser and staunch supporter of Donald Trump, has publicly criticized the president’s current focus on tariffs as a means to bolster the U.S. economy. Speaking on Fox News, Moore described the economy as “very wobbly” and suggested that the administration’s tariff policies are misguided, calling for a renewed emphasis on tax cuts instead.
Moore’s comments come on the heels of a disappointing jobs report and declining consumer confidence, which he cited as indicators of a struggling economy. “The economy needs a pick-me-up, and tariffs are not a pick-me-up,” he stated emphatically. Instead, he advocated for the swift passage of the Trump tax cut, urging Congress to act before Memorial Day to provide the necessary stimulus.
As the author of “Trumponomics,” Moore has long been an advocate for tax cuts, believing they are essential for economic growth. His previous attempts to join the Federal Reserve board were marred by controversy, including reports of tax issues and allegations of sexist remarks. Despite withdrawing from consideration, Moore assured Trump that he would remain a vocal supporter of his economic policies.
With the 2024 presidential election looming, Moore has also been involved in the “Project 2025,” a comprehensive policy initiative coordinated by the Heritage Foundation. While Trump and his allies maintain that the economy is robust, Moore’s recent statements reflect a growing concern about the potential for recession, a sentiment echoed by Trump himself during a recent interview.
Moore’s willingness to diverge from party lines is notable. Earlier this year, he acknowledged the strength of the U.S. economy compared to struggling nations in Europe and Asia, a rare moment of praise for the Biden administration. However, as trade tensions escalate with Canada, Mexico, and China, Moore’s critique of tariffs highlights a rift within the Republican party regarding the best approach to economic policy.
In a world where economic indicators fluctuate rapidly, Moore’s candid remarks serve as a reminder that even the most loyal supporters can question the effectiveness of current strategies. As the administration navigates these turbulent waters, the debate over tariffs versus tax cuts is likely to continue, shaping the economic landscape leading up to the next election.
