FOX Business host Larry Kudlow presents President-elect Donald Trump’s policy agenda on ‘Kudlow.’
The Gulf of America sounds perfect to me and that’s the title of the riff. Let’s start with the Gulf of America. Previously, it was the Gulf of Mexico, but it was named in the 16th century – before the United States of America existed.
So “Gulf of Mexico” sounds outdated to me. It’s time for a change. Mr. Trump today basically said “the Gulf of America” has a great big ring to it. It sounds like his only endorsement big, good budget bill cutting taxes and closing the border, but, when we talk about closing the border, it does not sound at all like the President of Mexico Claudia Sheinbaum has done much to help the US close the southern border – for example with 25,000 soldiers who helped to ensure the President. Trump’s first success is “Stay in Mexico.”
He threatened a 25% tariff on Mexico if they did not cooperate. What happened to the Monroe Doctrine? Compiled 200 years ago, it made it clear that the US would not allow European interference in Latin America again, if you throw in the Panama Canal. Mr. Trump discussed today, you should add that the US cannot tolerate Chinese interference in America’s core interests.
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Then, as Mr. Trump also threw in Greenland, the same principle of the main benefit applies to our enemies Russia and China – not only because of rare minerals, but also to build a fortress of air forces and naval power. President Trump he also threatened Canada with a 25% tariff if they did not cooperate on our northern border. Trump’s trolling of Justin Trudeau about Canada becoming the 51st country basically knocked the left-wing Prime Minister out of football and into retirement.
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Finally, speaking of taxes, the latest article of the Washington Post that President Trump was withdrawing from his global tax plans, as Mr. Trump said, fake news. A tip to brilliant economist Larry Lindsey for pointing out that US imports are $5 trillion a year and that a broad-based 10% tax would generate about $500 billion to offset Mr. Trump’s tax cuts.
Taxes are not included in the amount. The only excess money is inflation. Meanwhile, the European Union has additional taxes, which are taxes, running around 20% – and the world has lived with that for a long time. All of this suggests to me that, just like his great big bill on tax cuts and the border, Mr. Trump knows exactly what he’s talking about. That’s the wrap.
This article is adapted from Larry Kudlow’s opening remarks on Jan. 7, 2025, edition of “Kudlow.”
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