Larry Kudlow talks about Trump’s 2025 agenda

America’s Bay sounds perfect to me and that’s what the riff is about. Let’s start with the American Gulf. Before, it was called the Gulf of Mexico, but it was named in the 16th century, before the United States of America existed.

So the phrase “Gulf of Mexico” seems outdated to me. It’s time for a change. Today Mr. Trump basically said that the phrase “America’s Gulf” has a nice, big ring to it. Sounds like his endorsement of one Nice big budget bill To cut taxes and close the border, but speaking of closing the border, it does not appear at all that Mexican President Claudia Sheinbaum has done much so far to help the United States close the southern border – for example through the 25,000 troops who helped ensure the president came to power. Trump’s success in the first term of the “Remain in Mexico” plan.

He threatened to impose a 25% tariff on Mexico if it did not cooperate. What happened to the Monroe Doctrine? This document, which was codified more than 200 years ago, made it clear that the United States would not allow European interference in Latin America, and when it threw it into the Panama Canal… Mr. Trump As we also mentioned today, you should add that the United States cannot tolerate Chinese interference in America’s core interests.

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Then, as Mr. Trump also argued in Greenland, the same principle of fundamental interest applies to our adversaries Russia and China who are watching us – not just for rare earth minerals, but also to build a stronghold of air power and naval power. President Trump They also threatened Canada with 25% tariffs if it did not cooperate on our northern border. Trump’s trolling of Justin Trudeau about Canada becoming the 51st state has sent the left-wing prime minister straight off the field and into retirement.

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Finally, speaking of tariffs, a recent Washington Post article reporting that President Trump is rolling back global tariff plans was fake news, Mr. Trump said. We congratulate the brilliant economist Larry Lindsay for pointing out that US imports amount to about $5 trillion annually, and that a 10% broad-based tariff would produce nearly $500 billion, which would more than cover the tax cuts. Endorsed by Trump, and more.

Tariffs are not inflationary. Only excess money is inflationary. On the other hand, the European Union imposes value-added taxes, which are essentially customs tariffs, of about 20% – and the world has lived with this tax for a long time. All of this suggests to me that Mr. Trump, as with his big tax cuts and border bill, knows exactly what he’s talking about. This is the riff.

This article is an excerpt from Larry Kudlow’s editorial commentary on the January 7, 2025 edition of “The Kudlow.”