On Wednesday, CNBC’s Rick Santelli criticized ABC News’ presidential debate moderators, David Muir and Lindsey Davis, for failing to thoroughly examine the topic of tariffs during the discussion led by Andrew Ross Sorkin.
During the presidential debate on Tuesday night, which featured former President Donald Trump and Vice President Kamala Harris, Trump outlined his economic strategy, which includes significant tariffs. In his appearance on “Squawk Box,” Santelli referred to tariffs as a “bargaining chip” and expressed his disappointment with the moderators for not addressing the issue in a manner that made “economic sense.”
“You know how I feel about tariffs? It’s a bargaining chip, and many of the tariffs with China are still on. Once again, the moderators don’t drill down on two aspects of tariffs, but they do drill down on other areas that make no economic sense whatsoever,” Santelli said.
“Listen, prices are going up no matter what, Andrew, whether you do it on the tax side, whether you do it on the tariff side. Our policies are silly that we can’t be Santa Claus. All of those programs aren’t policies, they’re promises that never get by Congress, and each one of them has a cost we can’t afford because we’ve done this before,” Santelli continued. “When you pre-pay and you make policies that don’t make economic sense, you may think you’re getting a benefit.”
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