Senator Rand Paul (R-KY) reportedly criticized President Donald Trump’s tariff policies during an interview on CNBC’s Squawk Box, describing them as “fundamentally backwards and upside down.”
He articulated concerns that tariffs would lead to stock market downturns, which could jeopardize his retirement savings.
Paul contended that Trump’s understanding of tariffs stems from a flawed assumption that trade necessarily results in winners and losers, claiming that free trade is inherently mutually beneficial.
He emphasized that when tariffs are implemented, the resulting price increases are ultimately passed on to consumers, contributing to market chaos.
Paul has been advocating for legislation that would require Congressional approval for any new tariffs, highlighting the need for transparency and accountability in economic policy.
During the interview, Paul also noted that many of his fellow Republican lawmakers privately share his views on the importance of free trade but hesitate to voice them publicly due to fear of political repercussions.
He compared the secretive support he receives to the phrase “Who is John Galt?” from Ayn Rand’s novel Atlas Shrugged, which represents a subtle rebellion against an overreaching government.
Paul expressed hope that more lawmakers would openly endorse free trade, stating that their silent agreement with him reflects a broader discontent with the dominant tariff narrative.
The senator’s remarks underscore a growing sentiment among some Republicans who are becoming increasingly frustrated with the administration’s trade strategies.
As the debate over tariffs continues, Paul’s insistence on returning to free market principles may resonate with both constituents and colleagues seeking economic stability.
[READ MORE: Trump Vows to Veto Bill in Senate Intending to Strip Him of Tariff Ability]
