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Wilbur Ross Mocked for Using Campbell’s, Coke, and Budweiser Cans to Denounce ‘False Hysteria’ of Trump Tariffs
‘Let Them Eat Soup’
Possible billionaire Commerce Secretary Wilbur Ross is most-famous for the $600 custom embroidered velvet slippers he wore one year ago to Trump’s speech before a joint session of Congress. Now, he’s famous for something else.
Secretary Ross on Friday tried to sell his aluminum and steel tariffs that President Trump announced Thursday that have caused the markets to tank. And tank they have. The DOW has dropped 600 points over the past two days so far.
Ross took to CNBC and appeared with props: cans of Campbell’s soup, Coke, and Budweiser, holding up the cans and telling consumers the 10 percent tariff on aluminum and 25 percent tariff on steel will have “limited impact,” as the sidebar shows the DOW down 274 points, and growing.
“In a can of Campbell’s Soup, there are about 2.6 pennies worth of steel. So if that goes up by 25 percent, that’s about six-tenths of 1 cent on the price on a can of Campbell’s soup,” Ross said. “I just bought this can today at a 7-Eleven … and it priced at a $1.99. Who in the world is going to be too bothered?”
Here’s U.S. Commerce Secretary Wilbur Ross using cans of soup, beer, and soda to defend steel and aluminum tariffs. pic.twitter.com/XJWw8MoRGo
— CNBC (@CNBC) March 2, 2018
Earlier in the day, Ross, who is reportedly worth somewhere between $700 million and several billion dollars, had tried to convince consumers the tariffs which he reportedly pushed Trump into, will have little impact on those buying a $35,000 car.
“There’s about ton of steel in a car. The price of a ton of steel is $700 or so, so 25% on that would be one half of 1% price increase on the typical $35,000 car. So it’s no big deal.”
He also called the pushback on the tariffs “false hysteria.”
On social media, Ross was mercilessly mocked.
“The typical $35,000 car.â€
Wilbur Ross: Man Of The People https://t.co/VbIarKVCzo— ian bremmer (@ianbremmer) March 2, 2018
He is that ignorant???? The cost of groceries for a family of 5 will rise by $$$, so will the cost of a car. Come down to “average family level.” They don’t have 30$ or more of extra cash each month!
— Denise Wecker-Seipke (@WeckerSeipke1) March 2, 2018
Wilbur Ross, explaining the cost of steel tariffs pic.twitter.com/NObq0cPlFe
— Daniel Lin (@danwlin) March 2, 2018
Wilbur Ross provides soup to nuts explanation of Trump administration’s trade proposals.
— Jeff Westbrooks (@westbrooksss) March 2, 2018
Even conditional on Well It’s The Trump Administration, I would not have put my money on “Wilbur Ross defends tariffs by posing with a Bud tallboy.â€#NotTheOnion #NotPhotoShopped pic.twitter.com/RKVeVNLHLD
— Matt Glassman (@MattGlassman312) March 2, 2018
Trump’s billionaire cabinet member Wilbur Ross demonstrates how in touch he is with the ordinary people. https://t.co/l9cDtsMzmI
— Keith Boykin (@keithboykin) March 2, 2018
Wilbur Ross: Let them eat soup
— John Podhoretz (@jpodhoretz) March 2, 2018
This is a real picture of Wilbur Ross holding up cans. It has not been photoshopped pic.twitter.com/BcSNLk1CXN
— Michael Cohen (@speechboy71) March 2, 2018
Wilbur Ross previewing the Trump Administration’s “America Harvest Box†pic.twitter.com/AWvVp82nPp
— Michael Cohen (@speechboy71) March 2, 2018
If asked “Which is the best Muppet?†and you answer Swedish chef, gonzo, fozzie, beaker, just know you’re wrong. It’s Wilbur Ross. And it’s not close. pic.twitter.com/bS6X0RREaR
— jdubs (@pettyh8machine) March 2, 2018
Wilbur Ross: “hold my beer, I getting a soup can”
— Tbone1819 (@tbone1819) March 2, 2018
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