Former UK minister: Tariffs won’t reduce debt

Former UK Defense Minister Sir Gerald Howarth says the US must cut its debt, but tariffs on trading partners won’t achieve that goal. #Tariffs

Transcript

00:00So, all we're going to engage in is a trade war, and I do agree with Scotty.

00:04She has said something very important, and that is the level of U.S. debt, and that should

00:09concern not just the taxpayers and the people of the United States, that should concern

00:16everybody around the world, because the United States is the most powerful economy.

00:21If the United States cannot fund its debt, then we are all in very, very severe trouble.

00:27So I understand the need to cut the debt.

00:31I don't understand how this series of measures is going to deliver upon that very important

00:38objective.