EXCERPT:
PAUL: "Tariffs, like sanctions, are good until they’re applied. Once they’re applied, they’re of no value and they’re a detriment to the economy. But if you threaten tariffs and you get other people to lower their tariffs, you can say, 'Oh, this is wonderful.' If you threaten sanctions and you can get a country to change their behavior, that’s wonderful. If you have them in place, they’re only of value if you can remove them. So if you can remove tariffs and lower tariffs and get, you know, more equal tariffs, that’s good. But we have to start from talking about the truth. One of the things they say with Canada is, 'Oh, there’s a 270% tariff on dairy products going from the U.S. into Canada. Well, you know what the real tariff is? Zero. That’s a big difference between what the truth is. So there’s a certain amount of goods, dairy goods that go to Canada every year and they go at 0%. If we exceed a certain amount, there’s this ridiculous 270% tariff, but we’ve never encountered it. And the USMC renegotiated it, raised the level that’s under zero. Trump should be congratulated for USMC raising the amount of dairy that goes in at zero. But we have to have an honest debate. We can’t go around saying that there’s a 270% tariff when that’s not really the truth."