Are Trump tariffs a ruse to finance tax cuts for the rich?

Chris Cuomo shares what he calls a “darker suspicion” about President Trump’s global tariffs, which are supposed to transform the U.S. economy. He notes the president’s new tariffs, in combination with deep cuts in federal spending, may generate the roughly $4 trillion needed to offset tax cuts for the rich. “Maybe ‘Liberation Day’ doesn’t refer to trade at all and is instead about taxes — specifically, liberating the rich from paying taxes,” Cuomo says.