"I think Trump's going to learn some economics 101." -- Mike Murphy on Trump's tariffs

Watch our FULL conversation here:

@murphymike Trump learns nothing. Now that he’s term limited, he also doesn’t give a f*ck. Already made his $$$ off the grift, particularly the meme coin. All we can hope is that the House & Senate will take back control of their constitutional duties

@murphymike Unfortunately, I think Trump will learn his lesson the way Pharaoh learned his after the plagues started.

@MelanieLybarger @murphymike The mistake is thinking he is going to learn.

Here’s what could get more expensive with Trump’s new tariffs.

@murphymike It's not just the costs on imports, it's increased prices on American goods due to no competition. And less sales of services and manufacturing of whatever we make here due to retaliation, which is never figured into the plan.

@murphymike I’m going with, “you can’t teach an old dog… “

@murphymike Seriously? Trump learn?

@murphymike Now it makes sense… “Bonespur clinic”

@murphymike Not on current inventory sitting on lots before April 2, unless … manufacturers and dealers raise the price of pre-embargo inventory. And they wouldn’t do that, would they? That would be dishonest. And car dealers are honest, right? Let me speak to the manager

@ga_richardson @murphymike Some of those statements are false. Goods in transit and not worked on can be held in customs bonded warehouse environment E.g. part from Canada -> US bonded warehouse no duty -> Mexico for processing= yes duty per Mexico laws. Reenter USA = duty